- | Page
ARM 400 EXAM QUESTIO NS AND
ANSWERS 100% VERIFIE D
with a focus on saving lives, reducing property losses, and conserving resources during recovery?
CORRECT ANSWER : Crisis management plan
Question :Mathias Manufacturing suffered a major
business disruption due to a fire at one of its locations.Management has set up a center of operations with the business intelligence information available to test various production scenarios. Mathias is in which one of the following stages of strategic redeployment planning?
CORRECT ANSWER : Alternative marketing stage
Question :Which one of the following stages of a
redeployment plan is designed to protect people, physical assets, and reputation?
CORRECT ANSWER: Emergency stage
- | Page
Question :The focus of risk quadrants is different from the
focus of risk classifications in general. While the classifications of risk focus on some aspect of the risk itself, the four quadrants of risk focus on
CORRECT ANSWER : The source of risk and who has
traditionally managed it
Question :Regarding diversifiable and nondiversifiable
risk, which one of the following statements is accurate?
CORRECT ANSWER : Systemic risks are generally
nondiversifiable.
Question :Business Process Management (BPM)
CORRECT ANSWER : A systematic, iterative plan to
analyze and improve business processes through life- cycle phases to achieve long-term goals and client satisfaction.
Question :T or F? Business process management is
successfully completed when a process (or process improvement) is deemed to be a total success
- | Page
CORRECT ANSWER : False. Regardless of whether a
process is a total success, the five-step BPM life cycle is not complete. In fact, one of the major benefits of the BPM life cycle is that it promotes continual improvement
Question :Five steps of BPM Life Cycle
CORRECT ANSWER : 1) Design/redesign processes2)
Model scenarios3) Execute process changes 4) Monitor results 5) Optimize processes
Question :Which one of the following statements
regarding the structure and role of a board of directors is true?
CORRECT ANSWER : Members of the board elect a
director to be chairman of the board
Question :All of the following are mechanisms to align
manager and shareholder interests, EXCEPT
CORRECT ANSWER: Expansion and growth
- | Page
Question :Which one of the following categories of
agency costs is assumed by managers?
CORRECT ANSWER : Bonding costs
Question :Which one of the following is an example of a
data governance tool?
CORRECT ANSWER : external policy
Question :Internal data entry processes that capture
accounting transactions, customer data or other operational transactions are called
CORRECT ANSWER : Data capture
Question :Which one of the following is a data
governance committee (DGC) responsibility?
CORRECT ANSWER : A data governance committee
ensures there are few conflicts or redundancies in data standards and practices.