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

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 ...

holistic approach to managing risk - -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 retention -can help orgs better absorb losses st...

ARM 401 Test Questions with Correct Answers Big data - Answer-Sets of data that are too large to be gathered and analyzed by traditional methods. Smart product - Answer-"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." Internet of Things (IoT) - Answer-A network of objects that transmit data to and from each other without human interaction. Clo...

ARM 401 Test Questions with Correct Answers Big data - Answer-Sets of data that are too large to be gathered and analyzed by traditional methods. Smart product - Answer-"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." Internet of Things (IoT) - Answer-A network of objects that transmit data to and from each other without human interaction. Clou...

ARM 401 EXAM 2 TEST BANK (HINKLE CHAPTER 23,HINKLE CHAPTER 25,RICCI CHAPTER 41,HINKLE CHAPTER 46 RICCI CHAPTER 48) QUESTIONS & ANSWERS SCORED A+

ARM 401 Test Questions with Correct Answers

ARM 401 Practice Test Questions and Answers All Correct 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 predictive modeling definition - Answer-vastly more and better data coupled with newer sophisticated software tools that analyze and predict outcomes IoA definiton - Answer-the network of smart devices that sens...

ARM 401 Practice Test Questions and Answers All Correct 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 predictive modeling definition - Answer-vastly more and better data coupled with newer sophisticated software tools that analyze and predict outcomes IoA definiton - Answer-the network of smart devices that sense...

ARM 401 Practice Test Questions and Answers All Correct 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 predictive modeling definition - Answer-vastly more and better data coupled with newer sophisticated software tools that analyze and predict outcomes IoA definiton - Answer-the network of smart devices that sense...