ARM 400 UPDATED EXAMS SCRIPT ALL
QUESTIONS AND ANSWERS SURE A+
✔✔Which one of the following uses infrared light to detect nearby objects? - ✔✔Lidar
✔✔SIR's use of drones, video, real-term video scanning, and computer analysis
illustrates which one of the following? - ✔✔Preventative analytics
✔✔Which one of the following should be part of an organization's standard operating
procedures (SOPs) concerning external stakeholder communications? - ✔✔Instructions
regarding what types of information can and cannot be released
✔✔When interviewing a risk owner, which one of the following questions should be
asked? - ✔✔What steps have been taken to ensure continuity of business in the event
of a natural disaster?
✔✔A speaker imparts information in verbal communications by - ✔✔Having good
listening skills and expressing facts and emotions through words and sometimes visual
displays
, ✔✔Which one of the following organizational policies or practices is based on a code of
ethics? - ✔✔A disclosure requirement regarding any potential conflict of interest an
accountant might have in working with specific clients
✔✔An organization evaluates key stakeholders' attitude toward risk in order to -
✔✔Understand what risks are acceptable and to develop an effective enterprise-wide
risk management program
✔✔Twice a year, Medford Factory gives employees a day off to work in the community
where the factory is located. The employees prepare and serve a holiday meal for
members of the community, and they clean the neighborhood park in the spring. This
practice is based on Medford Factory's - ✔✔Social responsibility
✔✔Which one of the following types of risk is best handled at the risk center level? -
✔✔Minor risks that do not have consequences outside the unit are best managed at the
risk center level
✔✔Which one of the following statements is correct regarding an organizations code of
ethics? - ✔✔The code of ethics should include principles and concepts that are dynamic
enough to remain relevant in a rapidly changing business environment
✔✔One advantage that a national organization would derive from creating risk centers
is that it - ✔✔Allows for participation by operational managers who may contribute to the
risk analysis
✔✔An organization evaluates key stakeholders attitude toward risk in order to -
✔✔Understand what risks are acceptable and to develop an effective enterprise-wide
risk management program
✔✔Which one of the following measures the progress an organization has made toward
attaining it's goals within a specific amount of time? - ✔✔Key performance indicator
✔✔One of the strategic objectives for Cromley Insurance Group is customer
satisfaction. Which one of the following is a critical success factor (CSF) that would help
refine this strategic objective? - ✔✔High customer retention
✔✔Which one of the following terms refers to information used as a basis for measuring
the significance of a risk? - ✔✔Risk criteria
✔✔Key risk indicators (KRIs) can be established for various levels within an
organization. Which one of the following levels of an organization usually has the most
detailed KRIs? - ✔✔Department level
QUESTIONS AND ANSWERS SURE A+
✔✔Which one of the following uses infrared light to detect nearby objects? - ✔✔Lidar
✔✔SIR's use of drones, video, real-term video scanning, and computer analysis
illustrates which one of the following? - ✔✔Preventative analytics
✔✔Which one of the following should be part of an organization's standard operating
procedures (SOPs) concerning external stakeholder communications? - ✔✔Instructions
regarding what types of information can and cannot be released
✔✔When interviewing a risk owner, which one of the following questions should be
asked? - ✔✔What steps have been taken to ensure continuity of business in the event
of a natural disaster?
✔✔A speaker imparts information in verbal communications by - ✔✔Having good
listening skills and expressing facts and emotions through words and sometimes visual
displays
, ✔✔Which one of the following organizational policies or practices is based on a code of
ethics? - ✔✔A disclosure requirement regarding any potential conflict of interest an
accountant might have in working with specific clients
✔✔An organization evaluates key stakeholders' attitude toward risk in order to -
✔✔Understand what risks are acceptable and to develop an effective enterprise-wide
risk management program
✔✔Twice a year, Medford Factory gives employees a day off to work in the community
where the factory is located. The employees prepare and serve a holiday meal for
members of the community, and they clean the neighborhood park in the spring. This
practice is based on Medford Factory's - ✔✔Social responsibility
✔✔Which one of the following types of risk is best handled at the risk center level? -
✔✔Minor risks that do not have consequences outside the unit are best managed at the
risk center level
✔✔Which one of the following statements is correct regarding an organizations code of
ethics? - ✔✔The code of ethics should include principles and concepts that are dynamic
enough to remain relevant in a rapidly changing business environment
✔✔One advantage that a national organization would derive from creating risk centers
is that it - ✔✔Allows for participation by operational managers who may contribute to the
risk analysis
✔✔An organization evaluates key stakeholders attitude toward risk in order to -
✔✔Understand what risks are acceptable and to develop an effective enterprise-wide
risk management program
✔✔Which one of the following measures the progress an organization has made toward
attaining it's goals within a specific amount of time? - ✔✔Key performance indicator
✔✔One of the strategic objectives for Cromley Insurance Group is customer
satisfaction. Which one of the following is a critical success factor (CSF) that would help
refine this strategic objective? - ✔✔High customer retention
✔✔Which one of the following terms refers to information used as a basis for measuring
the significance of a risk? - ✔✔Risk criteria
✔✔Key risk indicators (KRIs) can be established for various levels within an
organization. Which one of the following levels of an organization usually has the most
detailed KRIs? - ✔✔Department level
