ARM 400 Exam Practice Questions and Answers 100 Solved-41

Which one of the following steps in the Business Process Management (BPM) life cycle allows an organization to map out the most efficient process by using what-if analysis? A. Optimizes Processes B. Execute Process Changes C. Model Scenarios - C Pacific Grill has gotten its fresh seafood from Paul's Seafood for many years. The two companies have developed a long-term relationship of loyalty and trust. When a hurricane struck the area, Paul's Seafood's operations were completely destroyed. As a result, Pacific Grill was forced to operate with a limited menu until it could find a new supplier. Even though the restaurant was not damaged by the hurricane, it suffered a significant financial loss. Which one of the following steps regarding c - C One of the key department players in compliance program implementation is Internal Audit. As such, the main responsibility of Internal Audit involves which of the following? A. Compliance with employment laws B. Employee health and safety C. Product safety and environmental control D. Oversight of financial compliance - D Which one of the following best explains why the audience should be known for effective enterprise risk management (ERM) communication? A. Only technical communications need to address specific audiences; financial and legal communications should be worded for all audiences. B. Communications do not need to address specific audiences; all communications should be available for review by any stakeholder. C. The communication must address the level of technical, legal or financial understanding of - C An organization evaluates the social environment as part of its enterprise risk management (ERM) because A. Society is in a constant state of change. B. New sales or production methodology can affect consumers. C. Society norms and values influence how an organization manages its risks. - C