ARM 401 Segment C Assignment 7
Exam Actual Questions and Answers
2026
Sixth National Bank stores all of its financial records in an electronic
data base. Sixth National customers are able to access their
accounts on-line with a user identification number and a password.
Last weekend, a computer hacker was able to breach the firewall of
the electronic database and gain access to customer account data.
This operational risk for Sixth National Bank is -
correct answer ✅A systems risk.
The level of confidence an organization places in the organization's
risk management culture, practices, and procedures is called -
correct answer ✅Risk assurance.
Which one of the following statements about blockchain is true? -
correct answer ✅Blockchain stores a record of transactions across
a network of servers.
Three HillsLaw is a legal firm specializing in multiple-plaintiff cases.
One current case involves alleged birth defects caused by exposure
to polluted groundwater. There are currently 78 plaintiffs
represented in the pending legal action. Up-to-date records on the
condition of each child is a critical operational concern. Three
HillsLaw turned to a secured digital ledger system in which
, ARM 401 Segment C Assignment 7
Exam Actual Questions and Answers
2026
independent third parties (nurses, physicians, and parents) can
update the status of individual children, and the record for the
entire group is automatically updated. The latest update showed
seven children have died, 14 have a terminal diagnosis, 27 have
permanent disabilities, and 30 cases are listed as "developing"
(awaiting definitive diagnosis). The secured distributed ledger
system used by Three HillsLaw is called -
correct answer ✅Blockchain.
Which one of the following statements is true concerning robotic
process automation (RPA)? -
correct answer ✅Although RPA can help control some
organizational risks, use of RPA can create other risks.
Which one of the following statements is true regarding operational
risk? -
correct answer ✅Operational risk is integrated in every activity of
an organization.
The board of directors of Insurance Company wants assurance that
the company's recently-instituted "commitment to risk
management" has been communicated to and accepted by all
Exam Actual Questions and Answers
2026
Sixth National Bank stores all of its financial records in an electronic
data base. Sixth National customers are able to access their
accounts on-line with a user identification number and a password.
Last weekend, a computer hacker was able to breach the firewall of
the electronic database and gain access to customer account data.
This operational risk for Sixth National Bank is -
correct answer ✅A systems risk.
The level of confidence an organization places in the organization's
risk management culture, practices, and procedures is called -
correct answer ✅Risk assurance.
Which one of the following statements about blockchain is true? -
correct answer ✅Blockchain stores a record of transactions across
a network of servers.
Three HillsLaw is a legal firm specializing in multiple-plaintiff cases.
One current case involves alleged birth defects caused by exposure
to polluted groundwater. There are currently 78 plaintiffs
represented in the pending legal action. Up-to-date records on the
condition of each child is a critical operational concern. Three
HillsLaw turned to a secured digital ledger system in which
, ARM 401 Segment C Assignment 7
Exam Actual Questions and Answers
2026
independent third parties (nurses, physicians, and parents) can
update the status of individual children, and the record for the
entire group is automatically updated. The latest update showed
seven children have died, 14 have a terminal diagnosis, 27 have
permanent disabilities, and 30 cases are listed as "developing"
(awaiting definitive diagnosis). The secured distributed ledger
system used by Three HillsLaw is called -
correct answer ✅Blockchain.
Which one of the following statements is true concerning robotic
process automation (RPA)? -
correct answer ✅Although RPA can help control some
organizational risks, use of RPA can create other risks.
Which one of the following statements is true regarding operational
risk? -
correct answer ✅Operational risk is integrated in every activity of
an organization.
The board of directors of Insurance Company wants assurance that
the company's recently-instituted "commitment to risk
management" has been communicated to and accepted by all
