ARM 400 Questions and answers with verified set

ARM 400 Questions and answers with verified set Provides a measure of the maximum potential damage associated with an occurrence - ANSWER-exposure ________________ is an essential goal for all public entities - ANSWER-continuity of operations An organization must meet the standard of care that it owes to others in order to ensure that... - ANSWER-legal obligations are satisfied What are the five steps of the risk management process? - ANSWER-- scan environment - identify risk - analyze risk - treat risk - monitor and review Which one of the following statements is true regarding the evolution of risk and risk management? - ANSWER-the definition of risk has evolved to include positive as well as negative attributes Risk management professionals must collaborate with data analysts during which two steps of the risk management process? - ANSWER-analyze risk and monitor risk treatments Jane always drives to visit her children who live 1,000 miles away. She enjoys driving and feels safer in a vehicle than on an airplane because she feels she has more control of her fate. T