RMI Final Exam with all Correct & 100% Verified
Answers |Actual Complete Exam |Already Graded A+
Strategy does what for companies? ✔Correct Answer-Makes them more competitive, alert to their
circumstances, and resilient
What type of strategy should companies have? ✔Correct Answer-Adaptive strategy, come up with
multiple strategies over and over again
What will strategy need to incorporate? ✔Correct Answer-Risk, boundaries, corporate purpose,
environment
What are the risks at individual levels? ✔Correct Answer-Property, Liability, Life, Health, Financial
What is loss exposure? ✔Correct Answer-Any condition or situation that presents a possibility of
loss regardless of whether that loss actually occurs.
What are the three elements to a loss exposure? ✔Correct Answer-Asset exposed to loss, cause of
loss, financial consequences of the loss
What are examples of asset exposed to loss of property? ✔Correct Answer-Real property such as
land, buildings, crops; personal property such as furniture, art, jewelry
What are examples of cause of loss of property? ✔Correct Answer-Fire, theft, windstorm,
accidents, lost
What are examples of financial consequences of property? ✔Correct Answer-Reduction in
property value, increased expenses, lost income
What is the risk management process? ✔Correct Answer-Determine Objectives
Identify Risks
Evaluate Risks
Choose your alternatives
Implement
Review and Evaluate
How do you evaluate the severity and frequency? ✔Correct Answer-Severity= wealth and income,
Frequency= probability
What makes a natural disaster? ✔Correct Answer-Fatalities, damage, economic effects
What's the difference between natural disaster and a great natural disaster? ✔Correct Answer-
death toll, damage, effect on the economy
What is considered recent? ✔Correct Answer-Human vs. geological timeframes. Humans= 10
years, geological= 1,000-1 million years
True or False: People tend to be altruistic in times of emergencies? ✔Correct Answer-True
, What is bad about people being altruistic during emergencies? ✔Correct Answer-It creates
incentive in non-emergency times, people expect to be bailed out so why should they prepare
better?
What type of death rates and birth rates did we change from? ✔Correct Answer-High death rates,
high birth rates; low death rates, high birth rates; low birth rates, low death rates
The transition to low death and birth rates is called? ✔Correct Answer-the three phases of the
demographic transition
Why are poor countries worse off? ✔Correct Answer-greater economic losses (% of GDP), not as
resilient, loads to real poverty, lead to income and consumption, negatively affect welfare and human
development
True of False: Risk is not evenly distributed? ✔Correct Answer-True
Where does the biggest exposure happen? ✔Correct Answer-Small island developing states (SIDS)
and land locked developing countries (LLDC); potential losses relative to wealth/development/GDP
What are disaster risk drivers? ✔Correct Answer-Poor urban governance, vulnerable rural
livelihoods, declining ecosystems, global climate change
True or False: We may make progress in becoming less vulnerable, but exposure to disasters is
growing? ✔Correct Answer-True
What is poor urban governance? ✔Correct Answer-Informal settlements, location of development
What are vulnerable rural livelihoods? ✔Correct Answer-international poverty line
What are declining ecosystems? ✔Correct Answer-Producing enough food, water, energy, uses
ecosystems maybe too much
What are other worries besides natural disasters? ✔Correct Answer-infectious pandemic diseases
(biggest), nuclear war, biotechnology, nuclear terrorism
What are the Hyogo frameworks? ✔Correct Answer--Ensure that disaster risk reduction is a
national and local priority with a strong institutional basis for implementation
-Identify, assess, and monitor disaster risks and enhance early warning
-Use knowledge, innovation and education to build a culture of safety and resilience at all levels
-Reduce underlying risk factors
-Strengthen disaster preparedness for effective response at all levels
How are we making progress in addressing disasters? ✔Correct Answer--Upgrades to squatter
settlements
-Provide access to land/infrastructure for urban poor
-Rural livelihood strengthening
-Ecosystem protection
-Use of micro-insurance/ micro-finance
-Climate change adaption
-Poverty reduction
-Effective Risk Reduction Governance
Answers |Actual Complete Exam |Already Graded A+
Strategy does what for companies? ✔Correct Answer-Makes them more competitive, alert to their
circumstances, and resilient
What type of strategy should companies have? ✔Correct Answer-Adaptive strategy, come up with
multiple strategies over and over again
What will strategy need to incorporate? ✔Correct Answer-Risk, boundaries, corporate purpose,
environment
What are the risks at individual levels? ✔Correct Answer-Property, Liability, Life, Health, Financial
What is loss exposure? ✔Correct Answer-Any condition or situation that presents a possibility of
loss regardless of whether that loss actually occurs.
What are the three elements to a loss exposure? ✔Correct Answer-Asset exposed to loss, cause of
loss, financial consequences of the loss
What are examples of asset exposed to loss of property? ✔Correct Answer-Real property such as
land, buildings, crops; personal property such as furniture, art, jewelry
What are examples of cause of loss of property? ✔Correct Answer-Fire, theft, windstorm,
accidents, lost
What are examples of financial consequences of property? ✔Correct Answer-Reduction in
property value, increased expenses, lost income
What is the risk management process? ✔Correct Answer-Determine Objectives
Identify Risks
Evaluate Risks
Choose your alternatives
Implement
Review and Evaluate
How do you evaluate the severity and frequency? ✔Correct Answer-Severity= wealth and income,
Frequency= probability
What makes a natural disaster? ✔Correct Answer-Fatalities, damage, economic effects
What's the difference between natural disaster and a great natural disaster? ✔Correct Answer-
death toll, damage, effect on the economy
What is considered recent? ✔Correct Answer-Human vs. geological timeframes. Humans= 10
years, geological= 1,000-1 million years
True or False: People tend to be altruistic in times of emergencies? ✔Correct Answer-True
, What is bad about people being altruistic during emergencies? ✔Correct Answer-It creates
incentive in non-emergency times, people expect to be bailed out so why should they prepare
better?
What type of death rates and birth rates did we change from? ✔Correct Answer-High death rates,
high birth rates; low death rates, high birth rates; low birth rates, low death rates
The transition to low death and birth rates is called? ✔Correct Answer-the three phases of the
demographic transition
Why are poor countries worse off? ✔Correct Answer-greater economic losses (% of GDP), not as
resilient, loads to real poverty, lead to income and consumption, negatively affect welfare and human
development
True of False: Risk is not evenly distributed? ✔Correct Answer-True
Where does the biggest exposure happen? ✔Correct Answer-Small island developing states (SIDS)
and land locked developing countries (LLDC); potential losses relative to wealth/development/GDP
What are disaster risk drivers? ✔Correct Answer-Poor urban governance, vulnerable rural
livelihoods, declining ecosystems, global climate change
True or False: We may make progress in becoming less vulnerable, but exposure to disasters is
growing? ✔Correct Answer-True
What is poor urban governance? ✔Correct Answer-Informal settlements, location of development
What are vulnerable rural livelihoods? ✔Correct Answer-international poverty line
What are declining ecosystems? ✔Correct Answer-Producing enough food, water, energy, uses
ecosystems maybe too much
What are other worries besides natural disasters? ✔Correct Answer-infectious pandemic diseases
(biggest), nuclear war, biotechnology, nuclear terrorism
What are the Hyogo frameworks? ✔Correct Answer--Ensure that disaster risk reduction is a
national and local priority with a strong institutional basis for implementation
-Identify, assess, and monitor disaster risks and enhance early warning
-Use knowledge, innovation and education to build a culture of safety and resilience at all levels
-Reduce underlying risk factors
-Strengthen disaster preparedness for effective response at all levels
How are we making progress in addressing disasters? ✔Correct Answer--Upgrades to squatter
settlements
-Provide access to land/infrastructure for urban poor
-Rural livelihood strengthening
-Ecosystem protection
-Use of micro-insurance/ micro-finance
-Climate change adaption
-Poverty reduction
-Effective Risk Reduction Governance
