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  • ARM - Associate In Risk Management
  • ARM - Associate in Risk Management
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Arm 2024 Update Comprehensive Questions And Verified Correct Answers Grade A+ Get It Right

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Institution ARM - Associate In Risk Management
Module ARM - Associate in Risk Management
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ARM 2024 UPDATE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS GRADE A+ GET IT RIGHT

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ARM 2024 UPDATE COMPREHENSIVE QUESTIONS
AND VERIFIED CORRECT ANSWERS GRADE A+ GET
IT RIGHT
What is a sole proprietorship? - (correct answer) • Owned and operated by
one person
• Business license from the city
• Simple to setup, operate, and close


Advantables and Disadvantages of sole proprietorship - (correct answer)
Advantages:
* independence
* easy to setup and close
* taxed to owner


Disadvantages
* unlimited liability
* limited resources
* lack of continuity


What is a parternership? - (correct answer) Owned and operated by two or
more people


Types of partners:
- general partners: unlimited liability
- limited partners - liability limited to amount of investment

, Partnership Pros & Cons - (correct answer) Advantages
- pooled talent and resources
- easy to form
- taxed to owners


Disadvantages
- unlimited liability
- potential for managment conflict
- transfer of ownership issues


What is a corporation? - (correct answer) • Business entity separate from its
owners and managers
• Owners own stock (shares) in the corporation
• Generally larger than other forms
What are the steps of a presentation? - (correct answer) Open
Propose the Problem
Show the Solution (Demo)
Outline the Opportunity
State the Strategy (Customer Acquisition)
Present the Pivots
Tout the Team
Angle the Ask
Close

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