ARM 401 - Chapter 1 2026
Exam Questions and Correct
Answers | New Update
What are the 4 classifications of risks in the risk quadrant? -
ANSWER ✔✔Strategic Risk
Hazard Risk
Operational Risk
Financial Risk
Risk with uncertainties associated with the organization's long-term
goals and management decisions - ANSWER ✔✔Strategic Risk
, Risk with uncertainties associated with the organization's procedures,
systems and policies - ANSWER ✔✔Operational Risk
Risk with uncertainties associated with the organization's financial
activities - ANSWER ✔✔Financial Risk
A type of risk identification where a neutral party, who has no stake in the
outcome or participation responsibilities, administers the workshop and
propels the group to achieve its goal - ANSWER ✔✔Facilitated
Workshops
A type of risk identification that uses the opinions of a select group of
experts to identify risks - ANSWER ✔✔Delphi Technique
A type of risk identification that identifies risks and predicts the potential
consequences of those specific risks - ANSWER ✔✔Scenario
Analysis
A type of risk identification that is a comprehensive review of a process
or system. - ANSWER ✔✔HAZOP
A type of risk identification that assesses an organization's strengths,
weaknesses, opportunities and threats - ANSWER ✔✔SWOT
The range or amount of risk that is acceptable - ANSWER ✔✔Risk
Threshold
Exam Questions and Correct
Answers | New Update
What are the 4 classifications of risks in the risk quadrant? -
ANSWER ✔✔Strategic Risk
Hazard Risk
Operational Risk
Financial Risk
Risk with uncertainties associated with the organization's long-term
goals and management decisions - ANSWER ✔✔Strategic Risk
, Risk with uncertainties associated with the organization's procedures,
systems and policies - ANSWER ✔✔Operational Risk
Risk with uncertainties associated with the organization's financial
activities - ANSWER ✔✔Financial Risk
A type of risk identification where a neutral party, who has no stake in the
outcome or participation responsibilities, administers the workshop and
propels the group to achieve its goal - ANSWER ✔✔Facilitated
Workshops
A type of risk identification that uses the opinions of a select group of
experts to identify risks - ANSWER ✔✔Delphi Technique
A type of risk identification that identifies risks and predicts the potential
consequences of those specific risks - ANSWER ✔✔Scenario
Analysis
A type of risk identification that is a comprehensive review of a process
or system. - ANSWER ✔✔HAZOP
A type of risk identification that assesses an organization's strengths,
weaknesses, opportunities and threats - ANSWER ✔✔SWOT
The range or amount of risk that is acceptable - ANSWER ✔✔Risk
Threshold
