ARM 401 - Chapter 1 Exam Actual
Questions and Answers 2026
What are the 4 classifications of risks in the risk quadrant? -
correct answer ✅Strategic Risk
Hazard Risk
Operational Risk
Financial Risk
Risk with uncertainties associated with the organization's long-term
goals and management decisions -
correct answer ✅Strategic Risk
Risk with uncertainties associated with the organization's
procedures, systems and policies -
correct answer ✅Operational Risk
Risk with uncertainties associated with the organization's financial
activities -
correct answer ✅Financial Risk
A type of risk identification where a neutral party, who has no stake
in the outcome or participation responsibilities, administers the
workshop and propels the group to achieve its goal -
correct answer ✅Facilitated Workshops
, ARM 401 - Chapter 1 Exam Actual
Questions and Answers 2026
A type of risk identification that uses the opinions of a select group
of experts to identify risks -
correct answer ✅Delphi Technique
A type of risk identification that identifies risks and predicts the
potential consequences of those specific risks -
correct answer ✅Scenario Analysis
A type of risk identification that is a comprehensive review of a
process or system. -
correct answer ✅HAZOP
A type of risk identification that assesses an organization's
strengths, weaknesses, opportunities and threats -
correct answer ✅SWOT
The range or amount of risk that is acceptable -
correct answer ✅Risk Threshold
Easy to use and communicate known risks to employees with little
effort, however, don't help to identify unknown risks. This would
Questions and Answers 2026
What are the 4 classifications of risks in the risk quadrant? -
correct answer ✅Strategic Risk
Hazard Risk
Operational Risk
Financial Risk
Risk with uncertainties associated with the organization's long-term
goals and management decisions -
correct answer ✅Strategic Risk
Risk with uncertainties associated with the organization's
procedures, systems and policies -
correct answer ✅Operational Risk
Risk with uncertainties associated with the organization's financial
activities -
correct answer ✅Financial Risk
A type of risk identification where a neutral party, who has no stake
in the outcome or participation responsibilities, administers the
workshop and propels the group to achieve its goal -
correct answer ✅Facilitated Workshops
, ARM 401 - Chapter 1 Exam Actual
Questions and Answers 2026
A type of risk identification that uses the opinions of a select group
of experts to identify risks -
correct answer ✅Delphi Technique
A type of risk identification that identifies risks and predicts the
potential consequences of those specific risks -
correct answer ✅Scenario Analysis
A type of risk identification that is a comprehensive review of a
process or system. -
correct answer ✅HAZOP
A type of risk identification that assesses an organization's
strengths, weaknesses, opportunities and threats -
correct answer ✅SWOT
The range or amount of risk that is acceptable -
correct answer ✅Risk Threshold
Easy to use and communicate known risks to employees with little
effort, however, don't help to identify unknown risks. This would
