CPHRM QUESTIONS WITH 100% ACCURATE
ANSWERS
Adverse Event - Accurate answers Negative or bad result stemming from a diagnostic test, medical
treatment, or surgical intervention; an injury resulting from a medical intervention.
ERM - Accurate answers Enterprise Risk Management-framework for making risk management
decisions which maximize value protection creation by managing risk and uncertainty and their
connection to total value.
Lex Loci Delicti Commissi - Accurate answers Law of the place where the Tort was committed.
Vicarious liability - Accurate answers Imposition of liability on one person for actionable conduct of
another. I.e. liability of an employer for the acts of an employee.
Due Diligence - Accurate answers Review of an entity targeted for acquisition to ascertain
pertinent information. Adequate review.
COSO - Accurate answers Committee of Sponsoring Organizations - Independent private sector
initiative which recommended ERM structure and implementation.
Darling v. Charleston Community Hospital - Accurate answers Landmark case from 1965 that
determined hospitals have an independent duty to ensure high-quality care.
Risk - Accurate answers Chance of loss.
Pure Risk - Accurate answers Uncertainty as to whether loss will occur. Insurable.
Speculative Risk - Accurate answers Uncertainty about an event that could produce loss. Generally
not insurable.
Right to know - Accurate answers Laws that require employers to provide information, education
and/or treatment to employees regarding hazardous materials to which employees may be exposed
during their employment.
Value Protection - Accurate answers Preventing loss and harm to assets, reputation, property and
people and is reactive.
Collective Bargaining - Accurate answers Negotiations to determine condition of employment.
benchmark - Accurate answers Process of finding what is behind the numbers.
Subrogation - Accurate answers The substitution of one entity for another with regard to legal
rights.
ANSWERS
Adverse Event - Accurate answers Negative or bad result stemming from a diagnostic test, medical
treatment, or surgical intervention; an injury resulting from a medical intervention.
ERM - Accurate answers Enterprise Risk Management-framework for making risk management
decisions which maximize value protection creation by managing risk and uncertainty and their
connection to total value.
Lex Loci Delicti Commissi - Accurate answers Law of the place where the Tort was committed.
Vicarious liability - Accurate answers Imposition of liability on one person for actionable conduct of
another. I.e. liability of an employer for the acts of an employee.
Due Diligence - Accurate answers Review of an entity targeted for acquisition to ascertain
pertinent information. Adequate review.
COSO - Accurate answers Committee of Sponsoring Organizations - Independent private sector
initiative which recommended ERM structure and implementation.
Darling v. Charleston Community Hospital - Accurate answers Landmark case from 1965 that
determined hospitals have an independent duty to ensure high-quality care.
Risk - Accurate answers Chance of loss.
Pure Risk - Accurate answers Uncertainty as to whether loss will occur. Insurable.
Speculative Risk - Accurate answers Uncertainty about an event that could produce loss. Generally
not insurable.
Right to know - Accurate answers Laws that require employers to provide information, education
and/or treatment to employees regarding hazardous materials to which employees may be exposed
during their employment.
Value Protection - Accurate answers Preventing loss and harm to assets, reputation, property and
people and is reactive.
Collective Bargaining - Accurate answers Negotiations to determine condition of employment.
benchmark - Accurate answers Process of finding what is behind the numbers.
Subrogation - Accurate answers The substitution of one entity for another with regard to legal
rights.
