RMI 2302 LATEST 2026 COMPREHENSIVE EXAM
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔College Student Specific Risks - ✔✔Risks faced by college students including
anxiety, depression, sexual violence, STDs, poor health, substance use, and the use of
'smart pills'.
✔✔Smart Pills - ✔✔Prescription medications like Ritalin and Adderall that are used for
cognitive enhancement but come with risks such as addiction and ethical concerns.
✔✔Risk Categories - ✔✔Different types of risks including business, operational, hazard,
financial, strategic, and legal/IT.
✔✔BP Case Study Themes - ✔✔Key themes in the BP case study include corporate
strategy, workplace safety, process management, and regulation.
✔✔Trade-offs in Risk Management - ✔✔The balance between cost cutting and safety,
decentralization and control, and the importance of reputation.
✔✔$1.2B in 10 years at 10% - ✔✔The present value is approximately $462.65M.
✔✔$100k/yr for 5 yrs at 15% - ✔✔The present value is approximately $335,216.
✔✔Data/Behavioral Analytics - ✔✔Value: reduce risk, avoid mistakes, find opportunities
(predictive analytics & AI).
✔✔Risks in Data Analytics - ✔✔Poor models/design, wrong goals, privacy/security, bad
communication, inappropriate criteria (race, religion, gender, etc.).
✔✔Management of Risks - ✔✔Manage via oversight/regulation, auditors, embedded
morality; models inform humans, they don't replace them.
✔✔Strategic Risk - ✔✔Losses from poor decisions (product mix, suppliers, financing,
reputation).
✔✔Financial Crisis - ✔✔Strategy didn't prevent crisis; failures of
regulation/accountability/ethics; systemic risk is real.
✔✔Adaptive Strategy - ✔✔Don't rely on a single plan; create conditions for continual
emergence of superior strategies.
✔✔Strategy Components - ✔✔Should incorporate: Risk, Boundaries
(scope/markets/competencies), Corporate Purpose (stakeholders; shareholder value is
a result), Environment (demographic/consumption trends).
, ✔✔Supply Chain Definition - ✔✔Process: plan → source → make → deliver →
service/returns.
✔✔Supply Chain Trade-off - ✔✔Real trade-off: efficiency (JIT) vs. redundancy/buffers.
✔✔Modeling Supply Chain - ✔✔Model with TTR (time to recovery) & REI (risk exposure
index): remove one node, estimate added cost to keep product flowing.
✔✔Benefits of Supply Chain Management - ✔✔Reveals hidden exposures, avoids rare-
event prediction, finds dependencies/bottlenecks, spurs organizational learning.
✔✔Chipotle Example - ✔✔Fresh/local vs. control variability.
✔✔COVID-19 Impact - ✔✔Global shocks—semiconductors, TP.
✔✔Ocean Shipping Challenges - ✔✔Conflict reroutes, insurance, time.
✔✔Derivatives - ✔✔Contracts whose value derives from underlying assets (futures,
forwards, options, swaps).
✔✔Uses of Derivatives - ✔✔Hedging vs. speculation.
✔✔Risks of Derivatives - ✔✔Leverage, opacity, hard-to-measure exposures; past
failures (e.g., AIG, Lehman).
✔✔Regulation Challenges - ✔✔Diverse products/OTC deals, "one size" rules break.
✔✔Regulation Improvements - ✔✔Centralized clearing; price & position transparency.
✔✔Societal Concern for Poverty - ✔✔Links to life expectancy, productivity, social costs.
✔✔Economics Basics - ✔✔Wants (insatiable) vs. limited means (labor, capital,
technology).
✔✔GDP Definition - ✔✔Economic pie (value of production), but doesn't show
composition or distribution.
✔✔Production Possibilities - ✔✔Combine labor & capital with technology; curve shows
trade-offs; growth shifts curve outward.
✔✔Causes of Poverty - ✔✔Labor quality, capital stock, technology, efficiency,
population.
QUESTIONS AND SOLUTIONS GUARANTEE A+
✔✔College Student Specific Risks - ✔✔Risks faced by college students including
anxiety, depression, sexual violence, STDs, poor health, substance use, and the use of
'smart pills'.
✔✔Smart Pills - ✔✔Prescription medications like Ritalin and Adderall that are used for
cognitive enhancement but come with risks such as addiction and ethical concerns.
✔✔Risk Categories - ✔✔Different types of risks including business, operational, hazard,
financial, strategic, and legal/IT.
✔✔BP Case Study Themes - ✔✔Key themes in the BP case study include corporate
strategy, workplace safety, process management, and regulation.
✔✔Trade-offs in Risk Management - ✔✔The balance between cost cutting and safety,
decentralization and control, and the importance of reputation.
✔✔$1.2B in 10 years at 10% - ✔✔The present value is approximately $462.65M.
✔✔$100k/yr for 5 yrs at 15% - ✔✔The present value is approximately $335,216.
✔✔Data/Behavioral Analytics - ✔✔Value: reduce risk, avoid mistakes, find opportunities
(predictive analytics & AI).
✔✔Risks in Data Analytics - ✔✔Poor models/design, wrong goals, privacy/security, bad
communication, inappropriate criteria (race, religion, gender, etc.).
✔✔Management of Risks - ✔✔Manage via oversight/regulation, auditors, embedded
morality; models inform humans, they don't replace them.
✔✔Strategic Risk - ✔✔Losses from poor decisions (product mix, suppliers, financing,
reputation).
✔✔Financial Crisis - ✔✔Strategy didn't prevent crisis; failures of
regulation/accountability/ethics; systemic risk is real.
✔✔Adaptive Strategy - ✔✔Don't rely on a single plan; create conditions for continual
emergence of superior strategies.
✔✔Strategy Components - ✔✔Should incorporate: Risk, Boundaries
(scope/markets/competencies), Corporate Purpose (stakeholders; shareholder value is
a result), Environment (demographic/consumption trends).
, ✔✔Supply Chain Definition - ✔✔Process: plan → source → make → deliver →
service/returns.
✔✔Supply Chain Trade-off - ✔✔Real trade-off: efficiency (JIT) vs. redundancy/buffers.
✔✔Modeling Supply Chain - ✔✔Model with TTR (time to recovery) & REI (risk exposure
index): remove one node, estimate added cost to keep product flowing.
✔✔Benefits of Supply Chain Management - ✔✔Reveals hidden exposures, avoids rare-
event prediction, finds dependencies/bottlenecks, spurs organizational learning.
✔✔Chipotle Example - ✔✔Fresh/local vs. control variability.
✔✔COVID-19 Impact - ✔✔Global shocks—semiconductors, TP.
✔✔Ocean Shipping Challenges - ✔✔Conflict reroutes, insurance, time.
✔✔Derivatives - ✔✔Contracts whose value derives from underlying assets (futures,
forwards, options, swaps).
✔✔Uses of Derivatives - ✔✔Hedging vs. speculation.
✔✔Risks of Derivatives - ✔✔Leverage, opacity, hard-to-measure exposures; past
failures (e.g., AIG, Lehman).
✔✔Regulation Challenges - ✔✔Diverse products/OTC deals, "one size" rules break.
✔✔Regulation Improvements - ✔✔Centralized clearing; price & position transparency.
✔✔Societal Concern for Poverty - ✔✔Links to life expectancy, productivity, social costs.
✔✔Economics Basics - ✔✔Wants (insatiable) vs. limited means (labor, capital,
technology).
✔✔GDP Definition - ✔✔Economic pie (value of production), but doesn't show
composition or distribution.
✔✔Production Possibilities - ✔✔Combine labor & capital with technology; curve shows
trade-offs; growth shifts curve outward.
✔✔Causes of Poverty - ✔✔Labor quality, capital stock, technology, efficiency,
population.
