for ARM 400 with complete solutions 2026 A GUARANTEED

ARM 400 Study Guide with 2026 Material | Comprehensive Answer Key SRP stages - answer - -emergency stage -alternative marketing stage -contingency production stage -communication stage strategic redeployment plan - answer - determines how to resume operations in a way that repairs an org's reputation and ensures its recovery and survival; when BCPs fail BCP elements - answer - -time goal -operational goal -resources needed -details tasks and procedures -documentation risk-transfer model - answer - purchasing BI insurance prioritization model - answer - prioritizing which products to produce or which customers to serve contingency model - answer - developing an alternative way to maintain production traditional risk assessment - answer - -focus on root cause analysis -can only look backward -might not identify all root causes and the related events that contribute to a loss big data - answer - sets of data that are too large to be gathered and analyzed by traditional methods the big data revolution is fueled by: - answer - the capture, storage, and analysis of big data data capture - answer - enabled primarily by smart products interactions through the internet of things smart prodcuts - answer - an innovative item that uses sensors, wireless sensor networks, and data collection, transmission, and analysis to further enable the item to be faster, more useful, or otherwise improved internet of things - answer - A network of objects that transmit data to and from each other without human interaction cloud computing - answer - storage at remote locations through the internet without a direct server connection; enables vast amounts of data to be stored and shared blockchain - answer - a distributed ledger that facilitates secure transactions without the need for a third party telematics - answer - The use of technological devices in vehicles with wireless communication and GPS tracking that transmit data to businesses or government agencies; some return information for the driver text mining - answer - obtaining info through language recognition; can be used to compare documents and analyze notes tolerable uncertainty - answer - aligned risks with the organization's risk appetite risk appetite - answer - the amount of risk an organization is willing to take on in order to achieve an anticipated result or return tolerable uncertainty components - answer - reduce downside risk, earnings stability, anticipate and recognize emerging risks, business continuity continuity of operations - answer - essential goal for all public entities holistic risk management goals - answer - tolerable uncertainty, profitability and growth, legal and regulatory compliance, social responsibility, reduced cost of risk, reduced deterrent effects of hazard risks reduced deterrent effects of hazard risks - answer - -alleviates management's fears about potential losses -increases profit potential by greater participation in investment or production activities -makes org a safer investment and more attractive basic risk measures - answer - exposure, volatility, likelihood, consequences, time horizon, correlation exposure - answer - any conditions that presents a possibility of gain or loss, whether or not an actual loss occurs volatility - answer - frequent fluctuations, such as in the price of an asset likelihood - answer - a qualitative estimate of the certainty with which the outcome of a specific event can be predicted consequences - answer - the effects, positive or negative, of an occurrence; big relationship with likelihood time horizon - answer - estimated duration correlation - answer - relationship between variables risk classifications - answer - pure/speculative, subjective/objective, diversifiable/nondiversifiable, quadrants of risk pure risk - answer - a chance of loss or no lose, but no chance of gain; building fire speculative risk - answer -