ARM 401 – Chapter 1 (ARM 401), 2026 – Exam Questions and Correct Answers | Complete Exam

ARM 401 - Chapter 1 2026
Exam Questions and Correct
Answers | New Update



What are the 4 classifications of risks in the risk quadrant? -

ANSWER ✔✔Strategic Risk


Hazard Risk

Operational Risk

Financial Risk

Risk with uncertainties associated with the organization's long-term

goals and management decisions - ANSWER ✔✔Strategic Risk

, Risk with uncertainties associated with the organization's procedures,

systems and policies - ANSWER ✔✔Operational Risk


Risk with uncertainties associated with the organization's financial

activities - ANSWER ✔✔Financial Risk


A type of risk identification where a neutral party, who has no stake in the

outcome or participation responsibilities, administers the workshop and

propels the group to achieve its goal - ANSWER ✔✔Facilitated

Workshops

A type of risk identification that uses the opinions of a select group of

experts to identify risks - ANSWER ✔✔Delphi Technique


A type of risk identification that identifies risks and predicts the potential

consequences of those specific risks - ANSWER ✔✔Scenario

Analysis

A type of risk identification that is a comprehensive review of a process

or system. - ANSWER ✔✔HAZOP


A type of risk identification that assesses an organization's strengths,

weaknesses, opportunities and threats - ANSWER ✔✔SWOT


The range or amount of risk that is acceptable - ANSWER ✔✔Risk

Threshold