Arm 401 exam questions - Study guides, Class notes & Summaries

ARM 401 Exam Questions with All Correct Answers Brenda is the new risk manager at Telecom Company. She did a preliminary analysis to identify organizational risks. Brenda then scheduled a meeting of the organization's leaders, key employees, and other stakeholders. Brenda asked her assistant, Brian, to moderate the session since he is skilled in risk identification, and he is a skilled communicator as well. Brian encouraged brainstorming, and asked follow-up questions. After the session, Brend...

ARM 401 exam questions with correct answers

ARM 401 Exam Questions and Answers (Graded A)ARM 401 Exam Questions and Answers (Graded A)ARM 401 Exam Questions and Answers (Graded A)ARM 401 Exam Questions and Answers (Graded A) strategic risk - ANSWER-uncertainties associated with the organizations long term goals and management decisions operational risk - ANSWER-uncertainties associated with the organizations procedures, systems, and policies financial risk - ANSWER-uncertainties associated with the organizations financial activitie...

ARM 401 Exam Questions and Answers All Correct What does the holistic approach to managing risk encompass? - Answer-Analysis and predictability of business processes and organizational decisions What is the premise of holistic risk management? - Answer-All business decisions and operations carry some risk What are the four quadrants of risk? - Answer-Hazard risk, Operational Risk, Strategic Risk, Financial Risk What is today's conception of risk? - Answer-The idea that taking risks i...

ARM 401 Exam Questions with Correct Answers holistic approach to managing risk - Answer--broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss re...

ARM 401 Exam Questions and Answers (Graded A+)ARM 401 Exam Questions and Answers (Graded A+)ARM 401 Exam Questions and Answers (Graded A+)ARM 401 Exam Questions and Answers (Graded A+)ARM 401 Exam Questions and Answers (Graded A+) holistic approach to managing risk - ANSWER--broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and ext...

A risk map showing a large difference between inherent and residual risk indicates which one of the following? A. The risk is within the organization's risk appetite B. The current risk treatment is ineffective C. The current risk treatment is effective D. The risk does not need to be treated - C Lucas, a risk professional for Jones Incorporated, recently met with experts from the utility industry to discuss the potential loss of supply and risks to the infrastructure. Lucas must now ...

ARM 401 EXAM QUESTIONS AND ANSWERS HAZOP Process Steps - ANS 1. Divide project/system into small components 2. Review components to identify risk 3. Identify cause and potential outcomes of risks 4. Develop solutions to risks 5. Ensure solutions work and reevaluate SWOT analysis (strengths, weaknesses, opportunities, threats) - ANS A SWOT analysis is useful when there is a specific goal, such as determining whether engaging in a new product or project is feasible. It's less useful ...

ARM 401 Exam Questions With Solutions holistic approach to managing risk - ANS -broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes and organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss retentio...