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ARM 401 exam 2023 with 100% correct answers

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holistic approach to managing risk - correct answer -broader in scope, managing all areas of the business, not just hazard risks -encompasses the analysis and predictability of business processes a ... nd organizational decisions -mandates the collaboration of internal and external stakeholders to identify, assess, and treat risks -involves looking at what might be gained from decisions or actions -can uncover inconsistencies in how a company managers loss retention -can help orgs better absorb losses strategic risk - correct answer -uncertainties associated with the organization's long-term goals and management decisions -may carry a greater risk dynamic, positive or negative, that the other categories operational risk - correct answer uncertainties associated with the organization's procedures, systems, and policies financial risk - correct answer uncertainties associated with the organization's financial activities today's conception of risk - correct answer incorporates the idea that taking risks is fundamentally necessary for growth predictive modeling - correct answer can empower decision making by uncovering previously imperceptible risk factors Internet of Things - correct answer network of devices that sense their environment, process data, and share it instantly cloud comp [Show More]

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