Residual risks - Study guides, Class notes & Summaries

State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025 preferred, standard, substandard, or decline - CORRECT ANSWER The four ways risks are classified. primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered workers full Social Security retirement benefit or disability benefit. probationary period - CORRECT ANSWER A period of time between the issuance of a policy and the date coverage begins. proof of loss - CORRECT ANSWER A mandatory NAIC provis...

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 de...

According to The Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, due professional care implies infallibility. A. True B. False - Answer-False Which of the following is TRUE regarding organizational structure? A. Companies with departments that are isolated geographically have a reduced risk of fraud B. The existence of many specialized departments within a company generally increases the overall risk of fraud within the organiza...

Exam 3: NSG 320/ NSG320 (Latest 2024/ 2025 Update) Adult Health Nursing I Complete Guide | Qs & As | 100% Correct| Grade A (Verified Answers)- GCU Q: Different screening tools: Answer: - Malnutrition Universal Screening Tool - Nutritional Risk Screening - MNA - Minimum Data Set form in long-term care - Outcome and Assessment Information Set (OASIS) in home care settings Q: Anthropometric measurements Answer: - Obtain height, weight, and girth measurements - Calculate BMI ...

RMIN 5100S Exam 1 - UGA, Brown Questions and Answers | Latest Update | 2024/2025 | Already Passed What is the function of a risk register? A risk register is a tool used to document and track identified risks, their potential impacts, and the measures taken to manage them. What does risk prioritization involve? Risk prioritization involves ranking risks based on their potential impact and likelihood to focus resources on the most critical risks. What is risk acceptance in risk...

RMIN 5100S - Test 3 (Atkinson) Questions and Answers | Latest Update | 2024/2025 | 100% Verified What is the purpose of a risk avoidance strategy? Risk avoidance eliminates the chance of loss by avoiding activities or situations that pose a risk. What is the concept of risk tolerance? Risk tolerance refers to the level of risk an organization or individual is willing to accept while pursuing objectives. Why is it essential to document risk management processes? Documenting...

State Farm Property Exam | Questions and Answers Graded A+ Latest 2024/2025 preferred, standard, substandard, or decline - CORRECT ANSWER The four ways risks are classified. primary insurance amount (PIA) - CORRECT ANSWER Amount equal to covered workers full Social Security retirement benefit or disability benefit. probationary period - CORRECT ANSWER A period of time between the issuance of a policy and the date coverage begins. proof of loss - CORRECT ANSWER A mandatory NAIC provis...

Entity/Profile - Answer-Records that aggregate GRC information related to a specific item Authority Document - Answer-Regulations, that companies comply with - have citations Citations - Answer-Requirements cited by an Authority Document Policy - Answer-Internal practice that to ensure compliance and reduce risk exposure Control Objective - Answer-Details that a process follows within a Policy Unified Compliance Framework (UCF) - Answer-Compliance database serving as a single point of mana...

A risk map showing a large difference between inherent and residual risk indicates which one ofthe 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 decide...

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 ...