ARM 400: Segment A, Assignment 1
George works for a large company and part of his job is to monitor assets
according to their liquidity. George is particularly concerned that the company
fleet cars are affecting its liquidity and rising fuel prices are having an adverse
effect during tight economic markets. If George's concerns were categorized
as causes of loss according to the quadrants of risk, his concern most directly
relates to which one of the following types of risks? - correct answer
✔Financial Risk
Which one of the following data capture tools has led to an explosion of risk
management innovation by allowing smart products to transmit data to each
other and to central hubs? - correct answer ✔Internet of Things (IoT)
Aligning risks with the organization's risk appetite defines - correct answer
✔Tolerable uncertainty
The traditional definition of risk management reflects the traditional concept of
risk as - correct answer ✔Negative
The relationship between which two basic measures is critical for risk
management in assessing risk and deciding whether and how to manage it? -
correct answer ✔Likelihood and consequences
Which one of the following is one of the five steps of the risk management
process? - correct answer ✔Scan Environment
According to the law of large numbers, as the number of exposure units
insured increases, - correct answer ✔the relative accuracy of predictions
about future losses increases.
George works for a large company and part of his job is to monitor assets
according to their liquidity. George is particularly concerned that the company
fleet cars are affecting its liquidity and rising fuel prices are having an adverse
effect during tight economic markets. If George's concerns were categorized
as causes of loss according to the quadrants of risk, his concern most directly
relates to which one of the following types of risks? - correct answer
✔Financial Risk
Which one of the following data capture tools has led to an explosion of risk
management innovation by allowing smart products to transmit data to each
other and to central hubs? - correct answer ✔Internet of Things (IoT)
Aligning risks with the organization's risk appetite defines - correct answer
✔Tolerable uncertainty
The traditional definition of risk management reflects the traditional concept of
risk as - correct answer ✔Negative
The relationship between which two basic measures is critical for risk
management in assessing risk and deciding whether and how to manage it? -
correct answer ✔Likelihood and consequences
Which one of the following is one of the five steps of the risk management
process? - correct answer ✔Scan Environment
According to the law of large numbers, as the number of exposure units
insured increases, - correct answer ✔the relative accuracy of predictions
about future losses increases.
