RMI FINAL EXAM QUESTIONS AND ANSWERS
Strategy does what for companies? - Answers :Makes them more competitive, alert to
their circumstances, and resilient
What type of strategy should companies have? - Answers :Adaptive strategy, come up
with multiple strategies over and over again
What will strategy need to incorporate? - Answers :Risk, boundaries, corporate purpose,
environment
What are the risks at individual levels? - Answers :Property, Liability, Life, Health,
Financial
What is loss exposure? - Answers :Any condition or situation that presents a possibility
of loss regardless of whether that loss actually occurs.
What are the three elements to a loss exposure? - Answers :Asset exposed to loss,
cause of loss, financial consequences of the loss
Where does the biggest exposure happen? - Answers :Small island developing states
(SIDS) and land locked developing countries (LLDC); potential losses relative to
wealth/development/GDP
What are disaster risk drivers? - Answers :Poor urban governance, vulnerable rural
livelihoods, declining ecosystems, global climate change
True or False: We may make progress in becoming less vulnerable, but exposure to
disasters is growing? - Answers :True
What is poor urban governance? - Answers :Informal settlements, location of
development
What are vulnerable rural livelihoods? - Answers :international poverty line
What are declining ecosystems? - Answers :Producing enough food, water, energy,
uses ecosystems maybe too much
What are other worries besides natural disasters? - Answers :infectious pandemic
diseases (biggest), nuclear war, biotechnology, nuclear terrorism
What are the Hyogo frameworks? - Answers :-Ensure that disaster risk reduction is a
national and local priority with a strong institutional basis for implementation
-Identify, assess, and monitor disaster risks and enhance early warning
, -Use knowledge, innovation and education to build a culture of safety and resilience at
all levels
-Reduce underlying risk factors
-Strengthen disaster preparedness for effective response at all levels
How are we making progress in addressing disasters? - Answers :-Upgrades to squatter
settlements
-Provide access to land/infrastructure for urban poor
-Rural livelihood strengthening
-Ecosystem protection
-Use of micro-insurance/ micro-finance
-Climate change adaption
-Poverty reduction
-Effective Risk Reduction Governance
-Disaster Risk Reduction (investment not a cost)
True or false: Aging populations need less services? - Answers :False
What is the basis of workforce? - Answers :-Manual Labor- aging population doesn't
help
-Knowledge based workforce- older workforce has experience/ knowledge that is
valuable
-Opportunity for current workers to tap retired workers as resource
What are the major challenges of the aging population? - Answers :-Economic
development issues
-Health and well-being issues
-Challenge of enabling and supportive environments
What are the major challenges of aging population specifically? - Answers :-Slower
economic growth
-Poverty among elderly
-Generational equity
-Inadequate investment in physical and human capital
-Inefficiency in labor markets
-Suboptimal consumption profiles
-Not uniform across countries some are seeing aging population coupled with
population decline
-Noncommunicable diseases become an increasing burden (#1 killer of elderly)
-Family structures are changing, care options for elderly
-Shrinking ratio of workers to pensioners
-Social/Political Impacts
What are examples of asset exposed to loss of property? - Answers :Real property such
as land, buildings, crops; personal property such as furniture, art, jewelry
Strategy does what for companies? - Answers :Makes them more competitive, alert to
their circumstances, and resilient
What type of strategy should companies have? - Answers :Adaptive strategy, come up
with multiple strategies over and over again
What will strategy need to incorporate? - Answers :Risk, boundaries, corporate purpose,
environment
What are the risks at individual levels? - Answers :Property, Liability, Life, Health,
Financial
What is loss exposure? - Answers :Any condition or situation that presents a possibility
of loss regardless of whether that loss actually occurs.
What are the three elements to a loss exposure? - Answers :Asset exposed to loss,
cause of loss, financial consequences of the loss
Where does the biggest exposure happen? - Answers :Small island developing states
(SIDS) and land locked developing countries (LLDC); potential losses relative to
wealth/development/GDP
What are disaster risk drivers? - Answers :Poor urban governance, vulnerable rural
livelihoods, declining ecosystems, global climate change
True or False: We may make progress in becoming less vulnerable, but exposure to
disasters is growing? - Answers :True
What is poor urban governance? - Answers :Informal settlements, location of
development
What are vulnerable rural livelihoods? - Answers :international poverty line
What are declining ecosystems? - Answers :Producing enough food, water, energy,
uses ecosystems maybe too much
What are other worries besides natural disasters? - Answers :infectious pandemic
diseases (biggest), nuclear war, biotechnology, nuclear terrorism
What are the Hyogo frameworks? - Answers :-Ensure that disaster risk reduction is a
national and local priority with a strong institutional basis for implementation
-Identify, assess, and monitor disaster risks and enhance early warning
, -Use knowledge, innovation and education to build a culture of safety and resilience at
all levels
-Reduce underlying risk factors
-Strengthen disaster preparedness for effective response at all levels
How are we making progress in addressing disasters? - Answers :-Upgrades to squatter
settlements
-Provide access to land/infrastructure for urban poor
-Rural livelihood strengthening
-Ecosystem protection
-Use of micro-insurance/ micro-finance
-Climate change adaption
-Poverty reduction
-Effective Risk Reduction Governance
-Disaster Risk Reduction (investment not a cost)
True or false: Aging populations need less services? - Answers :False
What is the basis of workforce? - Answers :-Manual Labor- aging population doesn't
help
-Knowledge based workforce- older workforce has experience/ knowledge that is
valuable
-Opportunity for current workers to tap retired workers as resource
What are the major challenges of the aging population? - Answers :-Economic
development issues
-Health and well-being issues
-Challenge of enabling and supportive environments
What are the major challenges of aging population specifically? - Answers :-Slower
economic growth
-Poverty among elderly
-Generational equity
-Inadequate investment in physical and human capital
-Inefficiency in labor markets
-Suboptimal consumption profiles
-Not uniform across countries some are seeing aging population coupled with
population decline
-Noncommunicable diseases become an increasing burden (#1 killer of elderly)
-Family structures are changing, care options for elderly
-Shrinking ratio of workers to pensioners
-Social/Political Impacts
What are examples of asset exposed to loss of property? - Answers :Real property such
as land, buildings, crops; personal property such as furniture, art, jewelry
