ARM 401 Exam Review Solved 100%

Geneva Trucking installed telematics devices in all of its trucks. The sensors in two trucks indicate a frequency of hard braking. Which one of the following types of indicator does this information provide for Geneva Trucking? - ANSWER-Leading indicator Shawn, a stock analyst, is analyzing a company. The book value of the company's assets is $780 million, and the book value of company's liabilities is $440 million. Shawn believes the market value of the company's assets is $860 million, the market value of the liabilities is $420 million, and the company's economic capital is $400 million. Based on this information, the company's excess capital is - ANSWER-$40 million Market value surplus is $440 million and economic capital is $400 million, so the excess capital is $40 million. Which one of the following is a legal and regulatory concern when personal information is obtained from public sources? - ANSWER-privacy Which one of the following statements best describes the shareholders' equity section of the balance sheet? - ANSWER-Shareholders' equity is negative when liabilities exceed assets. A risk manager and safety engineer need to consider which one of the following interdependent elements when evaluating the premises condition? - ANSWER-Construction, occupancy, protection, and external exposures In order to be useful, data should be - ANSWER-Structured or unstructured Fatima is the risk professional for Courtland Incorporated. She is evaluating several emerging risks to the organization. This requires her to collaborate with external subject-matter experts and internal subject-matter experts. Which one of the following internal experts would likely be most concerned with the information Fatima received from an external climate change expert? - ANSWER-Facilities manager When using fault tree analysis (FTA), an "or" gate indicates which one of the following? - ANSWER-That any one of the events leading to the gate is sufficient to cause that event to occur Moving rapidly to detect and evaluate damage and to counter its continuation or spread by giving first aid or protecting property in imminent danger of fire is a basic strategy of the - ANSWER-Energy transfer theory. Sebastian Snax is a manufacturer of organic snack foods. The products are distributed to grocery stores by a contract carrier. On March 31, Sebastian learns that the drivers for the contract carrier may go on strike at midnight. The contract carrier does not have a back-up plan, and Sebastian is now searching for an alternative way to deliver its