ARM 400: SEGMENT B ASSIGNMENT 5
Correct 25
Incorrect 00
Your answers
1 of 25
Term
Which one of the following is the term used for a person—usually a
manager—who advocates for and supports a specific aspect of the risk
management process in an organization?
Give this one a try later!
Risk committee Risk champion
Risk owner Internal auditor
Don't know?
2 of 25
,Term
Some best practices models call for the formation of a risk committee
with a risk management focus at the organization's executive
management level. Which one of the following statements best
describes one of the responsibilities of an executive-level risk
committee?
Give this one a try later!
To approve the organization's
To assist the board in establishing the
risk management strategies,
organization's risk appetite and risk
including their design and
tolerance levels
implementation.
To set the organization's risk appetite
To oversee exposures of the
and to stay informed of the most
organization's critical risks and advise
significant risks to the organization
the board on risk strategy.
and management's responses.
Don't know?
3 of 25
Term
All of the following are mechanisms to align manager and shareholder
interests, EXCEPT:
Give this one a try later!
, Bonding costs Recession
Oversight. Expansion and growth
Don't know?
4 of 25
Term
One corporate governance issue is accountability of directors. One
method to increase accountability of directors is to
Give this one a try later!
Limit the number of meetings for Conduct meetings with management
outside directors. only.
Conduct regular meetings of
Exclude outside directors from
outside directors without
strategic planning sessions.
management being present.
Don't know?
5 of 25
Term
Correct 25
Incorrect 00
Your answers
1 of 25
Term
Which one of the following is the term used for a person—usually a
manager—who advocates for and supports a specific aspect of the risk
management process in an organization?
Give this one a try later!
Risk committee Risk champion
Risk owner Internal auditor
Don't know?
2 of 25
,Term
Some best practices models call for the formation of a risk committee
with a risk management focus at the organization's executive
management level. Which one of the following statements best
describes one of the responsibilities of an executive-level risk
committee?
Give this one a try later!
To approve the organization's
To assist the board in establishing the
risk management strategies,
organization's risk appetite and risk
including their design and
tolerance levels
implementation.
To set the organization's risk appetite
To oversee exposures of the
and to stay informed of the most
organization's critical risks and advise
significant risks to the organization
the board on risk strategy.
and management's responses.
Don't know?
3 of 25
Term
All of the following are mechanisms to align manager and shareholder
interests, EXCEPT:
Give this one a try later!
, Bonding costs Recession
Oversight. Expansion and growth
Don't know?
4 of 25
Term
One corporate governance issue is accountability of directors. One
method to increase accountability of directors is to
Give this one a try later!
Limit the number of meetings for Conduct meetings with management
outside directors. only.
Conduct regular meetings of
Exclude outside directors from
outside directors without
strategic planning sessions.
management being present.
Don't know?
5 of 25
Term
