ARM 401 Segment A Assignment 2 UPDATED ACTUAL Questions and
CORRECT Answers
1. To accurately determine its level of risk, an organiza- Risk control
tion must examine the effectiveness of its efforts to
prevent losses from occurring and to reduce the sever-
ity of losses that do occur. An organization's efforts in
this area are called
2. Justin is the chief operating officer for Rapid Transit, Fishbone diagram.
an over-night package delivery service operating in
six states. Rapid Transit has been having problems
with late package deliveries. Justin called a meeting
of department heads, and hired a facilitator to run
a brainstorming session. The facilitator drew a hori-
zontal arrow pointing to the right on a white board.
She wrote "Late Package Deliveries" at the end of the
arrow. She then started a discussion of causes, focus-
ing on "4 Ms" (Machinery, Methods, Manpower, and
Materials). These causes were depicted as diagonal
lines off the arrow. Each cause was examined in isola-
tion through probing questions asked by the facilita-
tor, until root causes were determined. The figure the
facilitator used to provoke discussion is called a
3. The purpose of fault tree analysis is to Identify the various ways of
interrupting the sequence
of events leading to system
failure so that the failure
itself can be prevented.
4. Which one of the following statements about root A root cause must pro-
cause analysis (RCA) is true? duce effective recommen-
dations for prevention of
future accidents.
, 5. After a metal pressing machine crushed an employee's 5 Whys" analysis.
arm, the risk manager of Metal Fab Company called
a meeting. Those present at the meeting included
the company's safety manager, the plant foreman, the
part-time mechanic in charge of maintenance of the
machine, the co-worker who taught the injured worker
to use the machine, and the plant manager who pur-
chased the machine two years ago. After completely
describing the injury, the risk manager led a discussion
on what caused the injury. Each time the group agreed
on a cause, the risk manager asked what the reason
for the cause was. After several rounds of this process,
it was determined that the machine crushed the em-
ployee's arm because of failure to perform regular
maintenance on the machine due to under-staffing.
The type of root cause analysis conducted by the risk
manager is called
6. A systematic procedure that uses the results of other Root cause analysis.
analysis techniques to identify the predominant deter-
minants of an accident is called
7. According to the technique of operations review ap- Failure to take responsibil-
proach, one category of fault of an organization's man- ity.
agement is
8. Which one of the following types of risk analysis Quantitative analysis
uses historical data to assign specific values to con-
sequences and their probabilities to reach a numeric
indication of the level of risk?
9. Indenture levels.
2/9
CORRECT Answers
1. To accurately determine its level of risk, an organiza- Risk control
tion must examine the effectiveness of its efforts to
prevent losses from occurring and to reduce the sever-
ity of losses that do occur. An organization's efforts in
this area are called
2. Justin is the chief operating officer for Rapid Transit, Fishbone diagram.
an over-night package delivery service operating in
six states. Rapid Transit has been having problems
with late package deliveries. Justin called a meeting
of department heads, and hired a facilitator to run
a brainstorming session. The facilitator drew a hori-
zontal arrow pointing to the right on a white board.
She wrote "Late Package Deliveries" at the end of the
arrow. She then started a discussion of causes, focus-
ing on "4 Ms" (Machinery, Methods, Manpower, and
Materials). These causes were depicted as diagonal
lines off the arrow. Each cause was examined in isola-
tion through probing questions asked by the facilita-
tor, until root causes were determined. The figure the
facilitator used to provoke discussion is called a
3. The purpose of fault tree analysis is to Identify the various ways of
interrupting the sequence
of events leading to system
failure so that the failure
itself can be prevented.
4. Which one of the following statements about root A root cause must pro-
cause analysis (RCA) is true? duce effective recommen-
dations for prevention of
future accidents.
, 5. After a metal pressing machine crushed an employee's 5 Whys" analysis.
arm, the risk manager of Metal Fab Company called
a meeting. Those present at the meeting included
the company's safety manager, the plant foreman, the
part-time mechanic in charge of maintenance of the
machine, the co-worker who taught the injured worker
to use the machine, and the plant manager who pur-
chased the machine two years ago. After completely
describing the injury, the risk manager led a discussion
on what caused the injury. Each time the group agreed
on a cause, the risk manager asked what the reason
for the cause was. After several rounds of this process,
it was determined that the machine crushed the em-
ployee's arm because of failure to perform regular
maintenance on the machine due to under-staffing.
The type of root cause analysis conducted by the risk
manager is called
6. A systematic procedure that uses the results of other Root cause analysis.
analysis techniques to identify the predominant deter-
minants of an accident is called
7. According to the technique of operations review ap- Failure to take responsibil-
proach, one category of fault of an organization's man- ity.
agement is
8. Which one of the following types of risk analysis Quantitative analysis
uses historical data to assign specific values to con-
sequences and their probabilities to reach a numeric
indication of the level of risk?
9. Indenture levels.
2/9
