Arm 400 - Study guides, Class notes & Summaries

Encouraging the expression of feelings as well as facts and following up with employees on the problems they report are two ways that managers and supervisors can A. Cultivate two-way communication. B. Facilitate active listening. C. Support diverse groups. D. Maintain control of the conversation. - correct answerA. Cultivate two-way communication. Before speaking with a group or individual, the speaker should think about what he or she wants the other person(s) to do as a result of the c...

Provides a measure of the maximum potential damage associated with an occurrence - Answer- exposure ________________ is an essential goal for all public entities - Answer- continuity of operations An organization must meet the standard of care that it owes to others in order to ensure that... - Answer- legal obligations are satisfied What are the five steps of the risk management process? - Answer- - scan environment - identify risk - analyze risk - treat risk - monitor and review ...

The fundamental purpose of a risk management framework is to - Answer Integrate risk management throughout the organization Company G is a manufacturer of high profile golf equipment. The risk management professional for Company G is concerned about loss of business related to product design. Failing to respond to changing customer demand and preferences in the design of golf clubs could cost Company G significant market share. Categorized according to the quadrants of risk, this exposure to ...

ARM 400 questions with 100% correct answers 2023SRP stages -emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements -time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model purchasing BI insurance ...

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ARM 400 Practice Exams - all chapters 2024/2025 According to the law of large numbers, as the number of exposure units insured increases, - ANSWER The relative accuracy of predictions about future losses increases The fundamental purpose of a risk management framework is to - ANSWER Integrate risk management throughout the organization Which one of the following pr...

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ARM 400 - Segment A - Chapters 1, 2, & 3 Sets of data that are too large to be gathered and analyzed by traditional methods - ANSWER Big Data An innovative item that uses sensors; wireless sensor networks; and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved - ANSWER Smart Product ...