ARM 401 Questions With Solutions Verified
By Experts
Which one of the following best describes the role of actuators in the Internet of Things?
Actuators automatically initiate action in response to a condition detected by a sensor.
A first party can incur network security liability when its database is breached if it damages a
third party's network as a result of Malicious code being transmitted to the third party's
network.
Justin is the chief operating officer for Rapid Transit, an over-night package delivery service
operating in six states. Rapid Transit has been having problems with late package deliveries.
Justin called a meeting of department heads, and hired a facilitator to run a brainstorming
session. The facilitator drew a horizontal arrow pointing to the right on a white board. She wrote
"Late Package Deliveries" at the end of the arrow. She then started a discussion of causes,
focusing on "4 Ms" (Machinery, Methods, Manpower, and Materials). These causes were
depicted as diagonal lines off the arrow. Each cause was examined in isolation through probing
questions asked by the facilitator, until root causes were determined. The figure the facilitator
used to provoke discussion is called a Fishbone diagram.
, ARM 401 Questions With Solutions Verified
By Experts
Which one of the following describes the law of large numbers? It states that as the
number of similar but independent exposure units increases, the relative accuracy of predictions
about future outcomes also increases.
The use of risk quadrants to identify and categorize risk provides a framework for Holistic
risk identification.
Which one of the following is a possible cause of ergonomic stress? Office lighting
The chief financial officer of XYZ Insurance Company believes that $50 million is the
appropriate capital charge for the company's underwriting division. The division is predicted to
generate revenue of $25 million this year and expenses of $22 million. Assuming a risk-free rate
of 2% on the capital charge, what is this division's return on capital (ROC)? (Revenue -
Expense + Income from capital) ÷ Capital Charge; [$25,000,000−22,000,000 + (.02 x
$50,000,000)] ÷ $50,000,000 = .08
Brenda is the new risk manager at Telecom Company. She did a preliminary analysis to identify
organizational risks. Brenda then scheduled a meeting of the organization's leaders, key
employees, and other stakeholders. Brenda asked her assistant, Brian, to moderate the session
since he is skilled in risk identification, and he is a skilled communicator as well. Brian
By Experts
Which one of the following best describes the role of actuators in the Internet of Things?
Actuators automatically initiate action in response to a condition detected by a sensor.
A first party can incur network security liability when its database is breached if it damages a
third party's network as a result of Malicious code being transmitted to the third party's
network.
Justin is the chief operating officer for Rapid Transit, an over-night package delivery service
operating in six states. Rapid Transit has been having problems with late package deliveries.
Justin called a meeting of department heads, and hired a facilitator to run a brainstorming
session. The facilitator drew a horizontal arrow pointing to the right on a white board. She wrote
"Late Package Deliveries" at the end of the arrow. She then started a discussion of causes,
focusing on "4 Ms" (Machinery, Methods, Manpower, and Materials). These causes were
depicted as diagonal lines off the arrow. Each cause was examined in isolation through probing
questions asked by the facilitator, until root causes were determined. The figure the facilitator
used to provoke discussion is called a Fishbone diagram.
, ARM 401 Questions With Solutions Verified
By Experts
Which one of the following describes the law of large numbers? It states that as the
number of similar but independent exposure units increases, the relative accuracy of predictions
about future outcomes also increases.
The use of risk quadrants to identify and categorize risk provides a framework for Holistic
risk identification.
Which one of the following is a possible cause of ergonomic stress? Office lighting
The chief financial officer of XYZ Insurance Company believes that $50 million is the
appropriate capital charge for the company's underwriting division. The division is predicted to
generate revenue of $25 million this year and expenses of $22 million. Assuming a risk-free rate
of 2% on the capital charge, what is this division's return on capital (ROC)? (Revenue -
Expense + Income from capital) ÷ Capital Charge; [$25,000,000−22,000,000 + (.02 x
$50,000,000)] ÷ $50,000,000 = .08
Brenda is the new risk manager at Telecom Company. She did a preliminary analysis to identify
organizational risks. Brenda then scheduled a meeting of the organization's leaders, key
employees, and other stakeholders. Brenda asked her assistant, Brian, to moderate the session
since he is skilled in risk identification, and he is a skilled communicator as well. Brian
