ARM 400 ACTUAL EXAMINATION QUESTIONS WIT
QUESTIONS WITH VERIFIED ANSWERS
GRADED A+
⫸ The fundamental purpose of a risk management framework is to
Answer: Integrate risk management throughout the organization.
⫸ Which one of the following is a tool that can be used by fraud
investigators to compare documents and analyze notes? Answer: Text
mining
⫸ Samuel was recently hired as a risk management professional for
Parker Property Management. He has been asked by senior management
to review the organization's current insurance policies to make sure that
the organization is adequately protected, and also see if there are any
opportunities to save on the premiums. Samuel must do which one of the
following through internal communication before he will be able to
complete this task? Answer: Determine the organization's risk appetite
⫸ One enterprise risk management (ERM) approach to categorizing
risks involves dividing risks into four risk quadrants. The risks
categorized as hazard risks are Answer: Traditionally managed by risk
management professionals.
⫸ Which one of the following provides a measure of the maximum
potential damage associated with an occurrence? Answer: Exposure
QUESTIONS WITH VERIFIED ANSWERS
GRADED A+
⫸ The fundamental purpose of a risk management framework is to
Answer: Integrate risk management throughout the organization.
⫸ Which one of the following is a tool that can be used by fraud
investigators to compare documents and analyze notes? Answer: Text
mining
⫸ Samuel was recently hired as a risk management professional for
Parker Property Management. He has been asked by senior management
to review the organization's current insurance policies to make sure that
the organization is adequately protected, and also see if there are any
opportunities to save on the premiums. Samuel must do which one of the
following through internal communication before he will be able to
complete this task? Answer: Determine the organization's risk appetite
⫸ One enterprise risk management (ERM) approach to categorizing
risks involves dividing risks into four risk quadrants. The risks
categorized as hazard risks are Answer: Traditionally managed by risk
management professionals.
⫸ Which one of the following provides a measure of the maximum
potential damage associated with an occurrence? Answer: Exposure
