ARM 400| 114 Questions with 100% correct Answers | Verified

Big Data - Set of data that are too large to be gathered and analysed by traditional data. Strategic Redeployment Plan - a comprehensive plan for resiliency after a severe disruption Business Impact Analysis (BIA) - assesses identified risks and determines their overall effect on the firm's ability to meet its key objectives Risk Managers - identify, evaluate and treat risks within stated risk appetites and risk tolerances. The risk management team monitors and reports on risk management activities. Privacy Impact Assessment (PIA) - defines what data is private and identifies the risk to that data. 4 Data Governance Goals - Accuracy; Validity; Timeliness; Completeness Board of Directors - sets the firms risk appetite and stays aware of significant risks. They also determine the amount and types of risk the firm will pursue, retain, reduce and avoid. Corporate Governance Codes - developed by governments and business oversight organisations to provide broad guidance to corporate boards and management. 3 Most Important Corporate Board Committees - Audit Committee; Compensation Committee; Nominations/Corporate Governance Committee Monitoring Costs - the costs of overseeing corporate decision makers (shareholders bear most of these costs) Bonding Costs - are the managers costs of demonstrating that they are serving the shareholders interests (managers bear most of these costs)