ARM 400 Exam | Questions with 100% Correct
Answers | Verified | Latest Update 2026/2027
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Terms in this set (234)
_____ ___ _________ the minimum standards Code of Ethics
of expected behavior for those
whom the code applies
Risk management is the balance of: opportunity and treat
ERM enterprise risk management
RCA (root cause analysis) identifies a loss's predominate cause. (can only
analyze backwards)
Big Data sets of data that are to large to be gathered and
analyzed by traditional methods
Internet of things a network of objects that transmit data to and from
each other without human interaction
Cloud computing information, technology and storage devices
contractually provided from remote locations,
through the internet or another network, without a
direct sever connection
Blockchain a distributed digital ledger that facilitates secure
transactions without the need for a third party
, double spending problem use the same virtual coin in more than 1 place
telematics The use of technological devices in vehicles with
wireless communication and GPS tracking that
transmit data to businesses or government
agencies; some return information for the driver.
text mining Obtaining information through language
recognition
risk appetite The amount of risk a company is willing to accept
to achieve its goals and objectives.
A challenge for risk management Holistic risk management
professionals is increasing their
organizations' awareness of ________ ____
_______________ benefits.
Risk is an expression of: uncertainty about the future
Value at risk a technique to quantify financial risk by measuring
the likelihood of losing more than a specific dollar
amount over a specific period of time
when risk threshold limits are met: Triggers are set off for management to review the
situation and possibly enact new risk management
pratices
an organization's survival depends identifying as many risks as possible that could
on threaten the origination and managing them
appropriately
Answers | Verified | Latest Update 2026/2027
Save
Terms in this set (234)
_____ ___ _________ the minimum standards Code of Ethics
of expected behavior for those
whom the code applies
Risk management is the balance of: opportunity and treat
ERM enterprise risk management
RCA (root cause analysis) identifies a loss's predominate cause. (can only
analyze backwards)
Big Data sets of data that are to large to be gathered and
analyzed by traditional methods
Internet of things a network of objects that transmit data to and from
each other without human interaction
Cloud computing information, technology and storage devices
contractually provided from remote locations,
through the internet or another network, without a
direct sever connection
Blockchain a distributed digital ledger that facilitates secure
transactions without the need for a third party
, double spending problem use the same virtual coin in more than 1 place
telematics The use of technological devices in vehicles with
wireless communication and GPS tracking that
transmit data to businesses or government
agencies; some return information for the driver.
text mining Obtaining information through language
recognition
risk appetite The amount of risk a company is willing to accept
to achieve its goals and objectives.
A challenge for risk management Holistic risk management
professionals is increasing their
organizations' awareness of ________ ____
_______________ benefits.
Risk is an expression of: uncertainty about the future
Value at risk a technique to quantify financial risk by measuring
the likelihood of losing more than a specific dollar
amount over a specific period of time
when risk threshold limits are met: Triggers are set off for management to review the
situation and possibly enact new risk management
pratices
an organization's survival depends identifying as many risks as possible that could
on threaten the origination and managing them
appropriately
