NAFA Risk Management Exam Questions
and Correct Answers
Question 1
Who should be consulted in the decision to sue or settle?
Correct Answer
The best decision is made by closed consultation between the fleet manager,
attorney, risk manager, and financial advisors.
Question 2
What percentage of employees commute to work by motor vehicle every day?
Correct Answer
91% of employee commute to and from work by motor vehicles
Question 3
What is the role of the fleet manager in risk management?
Correct Answer
In assisting the risk manager with these duties. Fleet have many risk exposures, and
the fleet manager's expertise is a valuable resource and critical to the risk manager's
success.
Page 1 of 60
,Question 4
List the factors that make the driver the weakest part in the driver-road-closed loop
system.
Correct Answer
· Experience levels,
· Emotions,
· Driving preferences,
· Age,
· Gender
Question 5
What are thoughts of as proactive and reactive measures?
Correct Answer
· Process & Activities,
· Culture and Behavior,
· Perception and Attitudes
Question 6
List the five things a safety budget should provide.
Correct Answer
· All necessary safety equipment for employees, vehicles, garages, and terminals,
· Supplies such as eye, face, head, body, and respiratory protective equipment,
· Training of foreman, supervisors, superintendents, and nonsupervisory employees
in safety practices,
· Safety committee meetings and at least one or two general employee safety
meeting annually,
Periodic safety inspections of the facility, tools, and equipment
Page 2 of 60
,Question 7
What are some of the ways to define risk?
Correct Answer
A risk is a situation in which there is exposure to danger or loss.
Risk can be viewed as uncertainty involved with any decision or action
Question 8
List the benefits in investing in updated safety technologies?
Correct Answer
· Rear-visibility cameras,
· Lane departure warning,
· Automatic emergency braking system,
· Forward crash warning
Question 9
What are the three largest areas of issue for the driver?
Correct Answer
Speeding, aggressive driving and distracted driving
Page 3 of 60
, Question 10
What procedures that organizations can use for speed control?
Correct Answer
· Speed limiters,
· In-vehicle monitoring systems that record instances when the drivers has exceeded
the speed limit for a particular road or a predetermined maximum fleet speed,
· Fleet speed limits that are lower than posted speed limits, where appropriate.
These limits may be applied fleet-wide or on selected routes based on risk
assessment and/or analysis of crash data,
· Evaluation of driver assignment parameters to ensure that work can be completed
within the time limit at safe speeds.
Question 11
What factors does the adjustor consider when they are determining the value of the
vehicle?
Correct Answer
· Depreciation due to wear,
· Condition,
· Mileage,
· Age,
· Sales Tax,
· Registration and title costs of a replacement vehicle
Page 4 of 60
and Correct Answers
Question 1
Who should be consulted in the decision to sue or settle?
Correct Answer
The best decision is made by closed consultation between the fleet manager,
attorney, risk manager, and financial advisors.
Question 2
What percentage of employees commute to work by motor vehicle every day?
Correct Answer
91% of employee commute to and from work by motor vehicles
Question 3
What is the role of the fleet manager in risk management?
Correct Answer
In assisting the risk manager with these duties. Fleet have many risk exposures, and
the fleet manager's expertise is a valuable resource and critical to the risk manager's
success.
Page 1 of 60
,Question 4
List the factors that make the driver the weakest part in the driver-road-closed loop
system.
Correct Answer
· Experience levels,
· Emotions,
· Driving preferences,
· Age,
· Gender
Question 5
What are thoughts of as proactive and reactive measures?
Correct Answer
· Process & Activities,
· Culture and Behavior,
· Perception and Attitudes
Question 6
List the five things a safety budget should provide.
Correct Answer
· All necessary safety equipment for employees, vehicles, garages, and terminals,
· Supplies such as eye, face, head, body, and respiratory protective equipment,
· Training of foreman, supervisors, superintendents, and nonsupervisory employees
in safety practices,
· Safety committee meetings and at least one or two general employee safety
meeting annually,
Periodic safety inspections of the facility, tools, and equipment
Page 2 of 60
,Question 7
What are some of the ways to define risk?
Correct Answer
A risk is a situation in which there is exposure to danger or loss.
Risk can be viewed as uncertainty involved with any decision or action
Question 8
List the benefits in investing in updated safety technologies?
Correct Answer
· Rear-visibility cameras,
· Lane departure warning,
· Automatic emergency braking system,
· Forward crash warning
Question 9
What are the three largest areas of issue for the driver?
Correct Answer
Speeding, aggressive driving and distracted driving
Page 3 of 60
, Question 10
What procedures that organizations can use for speed control?
Correct Answer
· Speed limiters,
· In-vehicle monitoring systems that record instances when the drivers has exceeded
the speed limit for a particular road or a predetermined maximum fleet speed,
· Fleet speed limits that are lower than posted speed limits, where appropriate.
These limits may be applied fleet-wide or on selected routes based on risk
assessment and/or analysis of crash data,
· Evaluation of driver assignment parameters to ensure that work can be completed
within the time limit at safe speeds.
Question 11
What factors does the adjustor consider when they are determining the value of the
vehicle?
Correct Answer
· Depreciation due to wear,
· Condition,
· Mileage,
· Age,
· Sales Tax,
· Registration and title costs of a replacement vehicle
Page 4 of 60
