ARM 400 NEWEST LATEST UPDATE ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

When communicating a decision up the organization's chain of command, consulting
with outside experts can help a risk management professional do which one of the
following?
A. Seek feedback from stakeholders
B. Stay focused on the organization's objectives
C. Define the organization's risk appetite
D. Enhance stakeholders' confidence in the process - ANSWER>>D
Which of the following risk management program goals is an essential goal for all public
entities?
A. Earning stability
B. Continuity of operations
C. Growth
D. Survival - ANSWER>>B
The traditional definition of risk management reflects the traditional concept of risk as
A. Both positive and negative.
B. Negative.
C. Uncontrollable.
D. Strategic. - ANSWER>>B
During the past year, International Toys has undertaken four capital projects. The
company has renovated and refurbished one of its aging warehouse buildings. It has
purchased the most recent version of its current order processing computer software. It
has added two trucks to its fleet of delivery vehicles. Lastly, it has purchased a new
production machine that will allow it to launch a new product line. Which one of the
following company projects is the most speculative risk?
A. The two new trucks
B. The warehouse refurbishment
C. The software upgrade
D. The new production machine - ANSWER>>D
Which one of the following statements is true regarding the basic measures that apply
to risk management?
A. Consequences measure the degree to which an occurrence could positively or
negatively affect an organization.
B. Hedging is a risk management strategy that can reduce the risk of correlation.
C. Risk increases as volatility decreases.
D. Longer time horizons are generally less risky that shorter ones. - ANSWER>>A