1/18/26, 12:26 PM CRM Principles of Risk Management EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + A…
CRM Principles of Risk Management EXAM fully
solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (55)
Explain the impacts of an effective 1. protects organization's reputation/brand
Risk Management program on an 2. Increases profitability
organization (6) 3. Raises awareness of risk management
4. supports managerial objective
5. Improves morale and productivity
6. Improves quality, process and technology
Define Traditional Risk Management a functional, siloed, view of risk affecting one or
(TRM). more areas of the organization (focuses on pure
risk)
Define Enterprise Risk Management across functional view of risks affecting all areas of
(ERM). the entire organization (embraces speculative risk)
https://quizlet.com/1132130007/crm-principles-of-risk-management-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questio… 1/14
, 1/18/26, 12:26 PM CRM Principles of Risk Management EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + A…
Describe characteristics of 1. manages downside risks
Traditional Risk Management (TRM) 2. oriented to cause-of-loss, tied to minimizing risk
(5) impact
3. functional siloed treatement of risk
4. risk ID and ownership with individual employee
or department
5. Reactive
Describe characteristics of 1) risk has potential upside and downside
Enterprise Risk Management (ERM) 2) tied to strategic objectives
(5) 3) cross functional treatment of risk
4) uses subject matter experts and risk committees
to identify risk and spreads accountability of risk
5) proactive/opportunistic
List the ERM broad categories of risk 1.Operational Risk: related to management activities
and give examples of each (4). (speculative)
2) Financial Risk: related to financial activities
(speculative)
3) Hazard Risk: covered by insurance (pure)
4) Strategic Risk: related to an organization's
strategic plan (speculative)
Define Organizational Risk Culture a set of understandings, knowledge, beliefs, values
(ORC). and habits toward risk, that characterize a human
group (organization) in search of a common
purpose
https://quizlet.com/1132130007/crm-principles-of-risk-management-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questio… 2/14
CRM Principles of Risk Management EXAM fully
solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (55)
Explain the impacts of an effective 1. protects organization's reputation/brand
Risk Management program on an 2. Increases profitability
organization (6) 3. Raises awareness of risk management
4. supports managerial objective
5. Improves morale and productivity
6. Improves quality, process and technology
Define Traditional Risk Management a functional, siloed, view of risk affecting one or
(TRM). more areas of the organization (focuses on pure
risk)
Define Enterprise Risk Management across functional view of risks affecting all areas of
(ERM). the entire organization (embraces speculative risk)
https://quizlet.com/1132130007/crm-principles-of-risk-management-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questio… 1/14
, 1/18/26, 12:26 PM CRM Principles of Risk Management EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions + A…
Describe characteristics of 1. manages downside risks
Traditional Risk Management (TRM) 2. oriented to cause-of-loss, tied to minimizing risk
(5) impact
3. functional siloed treatement of risk
4. risk ID and ownership with individual employee
or department
5. Reactive
Describe characteristics of 1) risk has potential upside and downside
Enterprise Risk Management (ERM) 2) tied to strategic objectives
(5) 3) cross functional treatment of risk
4) uses subject matter experts and risk committees
to identify risk and spreads accountability of risk
5) proactive/opportunistic
List the ERM broad categories of risk 1.Operational Risk: related to management activities
and give examples of each (4). (speculative)
2) Financial Risk: related to financial activities
(speculative)
3) Hazard Risk: covered by insurance (pure)
4) Strategic Risk: related to an organization's
strategic plan (speculative)
Define Organizational Risk Culture a set of understandings, knowledge, beliefs, values
(ORC). and habits toward risk, that characterize a human
group (organization) in search of a common
purpose
https://quizlet.com/1132130007/crm-principles-of-risk-management-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questio… 2/14
