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CRM Principles of Risk Management Exam,
RIMS CRMP Exam Study Guide Common
Terms, RIMS-CRMP Vocab/Definitions, RIMS
CRMPImplementing the Risk Process,
RIMSCRMP EXAM STUDY GUIDE, RIMS -
CRMP Complete Study Guide; Exam Questions
And ANSWERs 2027
Identify the four logical classifications and give examples
of the loss exposures related to each. - ANSWER-1)
Property 2) Liability 3) Human Resources
4) Net income
Define and list the four elements of Negligence
(unintentional tort) - ANSWER-1) duty owed
2) breach of that duty
3) causation
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4) damage
List the four requirements of an enforceable contract and
describe their remedies. - ANSWER-1) Competent
parties
2) Agreement or assent
3) legal consideration (exchange of values)
4) Legal purposes
Identify the purpose of checklists and surveys. -
ANSWER-To systematically identify as many exposures,
perils and hazards as possible.
Identify the characteristics of checklists and surveys
(6). - ANSWER-1) Standardized
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2) minimal training for use
3) cannot cover all operations
4) may not identify new exposures
5) will no reflect severity
6) does not prioritize severity
Identify the purpose of flowcharts. - ANSWER-to
graphically and sequentially depict the activities of a
particular operations or process to identify exposures,
perils, and hazards.
Identify the characteristics of flowcharts (5). - ANSWER-
1) Illustrates interdependency
2) pinpoints bottlenecks
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3) does not indicate frequency or severity
4) does not show minor process with major loss potential
5) limited applicability to liability exposures
Identify the purpose of physical inspections. -
ANSWERTo determine observable exposures, perils and
hazards by visits to an organization's sites and contingent
locations (suppliers, venders)
Identify the characteristic of physical inspections (4). -
ANSWER-1) provides visualization of processes,
locations, personnel, etc.
2) may find unreported hazards,
3) Time consuming and expensive,
CRM Principles of Risk Management Exam,
RIMS CRMP Exam Study Guide Common
Terms, RIMS-CRMP Vocab/Definitions, RIMS
CRMPImplementing the Risk Process,
RIMSCRMP EXAM STUDY GUIDE, RIMS -
CRMP Complete Study Guide; Exam Questions
And ANSWERs 2027
Identify the four logical classifications and give examples
of the loss exposures related to each. - ANSWER-1)
Property 2) Liability 3) Human Resources
4) Net income
Define and list the four elements of Negligence
(unintentional tort) - ANSWER-1) duty owed
2) breach of that duty
3) causation
,2 | Page
4) damage
List the four requirements of an enforceable contract and
describe their remedies. - ANSWER-1) Competent
parties
2) Agreement or assent
3) legal consideration (exchange of values)
4) Legal purposes
Identify the purpose of checklists and surveys. -
ANSWER-To systematically identify as many exposures,
perils and hazards as possible.
Identify the characteristics of checklists and surveys
(6). - ANSWER-1) Standardized
,3 | Page
2) minimal training for use
3) cannot cover all operations
4) may not identify new exposures
5) will no reflect severity
6) does not prioritize severity
Identify the purpose of flowcharts. - ANSWER-to
graphically and sequentially depict the activities of a
particular operations or process to identify exposures,
perils, and hazards.
Identify the characteristics of flowcharts (5). - ANSWER-
1) Illustrates interdependency
2) pinpoints bottlenecks
, 4 | Page
3) does not indicate frequency or severity
4) does not show minor process with major loss potential
5) limited applicability to liability exposures
Identify the purpose of physical inspections. -
ANSWERTo determine observable exposures, perils and
hazards by visits to an organization's sites and contingent
locations (suppliers, venders)
Identify the characteristic of physical inspections (4). -
ANSWER-1) provides visualization of processes,
locations, personnel, etc.
2) may find unreported hazards,
3) Time consuming and expensive,
