ARM 400 Risk in an Evolving World FINAL
TEST BANK EXAM STUDY GUIDE//UPDATED
QUESTIONS AND 100% VERIFIED ANSWERS
COMPLETE ALREADY RATED A+.
Set of data that is to large to be gathered and analyzed by
Big Data
traditional methods
An innovative item that uses sensors' wireless sensor networks;
Smart Product and date collection, transmission and analysis to further enable
the item to be faster, more useful and otherwise improved.
A network of objects that transmit data to and from each other
Internet of Things (IoT)
without human interaction
Information, technology, and storage services contractually
Cloud Computing provided from remote locations, through the internet or another
network, without a direct server connection.
A distributed digital ledger that facilitates secure transaction
Blockchain
without the need of the third party
, The use of technological devices in vehicles with wireless
Telematics communication and GPS tracking that transmits data to a
business or government agency; some return info to the driver.
Text Mining Obtaining information through language recognition
Amount of rick an organization is willing to take on in order to
Risk Appetite
achieve an anticipated result or return
A technique to quantify financial risk by measuring the
Value at Risk (VaR) likelihood of losing more than a specific dollar amount over a
specific period of time
The total cost incurred by an organization because of the
Cost of Risk
possibility of accidental loss
Any condition that presents a possibility of gain or loss,
Exposure
whether or not an actual loss occurs
Volatility Frequent fluctuations, such as in the price of an asset
A qualitative estimate of the certainty with which the outcome
Likelihood
of a specific event can be predicted
Consequences The effects, positive or negative, of an occurrence
Time Hosizon Estimated duration
, Correlation A relationship between variable
Pure Risk A chance of loss or no loss, but no chance of gain
Speculative Risk A chance of loss, no loss or gain
The risk that customers or other creditors will fail to make
Credit Risk
promised payments as they come due
The perceived amount of risk based on an individual's or
Subjective Risk
organizations opinion
The measurable variation in uncertain outcomes based on facts
Objective Risk
and data
A risk that affects only some individuals, businesses or small
Diversifiable Risk
groups
The potential for a major disruption in the function of an entire
Systemic Risk
market or financial system
Uncertainty about an investment's future value because of
Market Risk
potential chances in the market for that type of investment
The risk that an asset cannot be sold on short notice without
Liquidity Risk
incurring a loss
Process for Managing Risk (5 1. Scan Environment
steps) 2. identify Risk
TEST BANK EXAM STUDY GUIDE//UPDATED
QUESTIONS AND 100% VERIFIED ANSWERS
COMPLETE ALREADY RATED A+.
Set of data that is to large to be gathered and analyzed by
Big Data
traditional methods
An innovative item that uses sensors' wireless sensor networks;
Smart Product and date collection, transmission and analysis to further enable
the item to be faster, more useful and otherwise improved.
A network of objects that transmit data to and from each other
Internet of Things (IoT)
without human interaction
Information, technology, and storage services contractually
Cloud Computing provided from remote locations, through the internet or another
network, without a direct server connection.
A distributed digital ledger that facilitates secure transaction
Blockchain
without the need of the third party
, The use of technological devices in vehicles with wireless
Telematics communication and GPS tracking that transmits data to a
business or government agency; some return info to the driver.
Text Mining Obtaining information through language recognition
Amount of rick an organization is willing to take on in order to
Risk Appetite
achieve an anticipated result or return
A technique to quantify financial risk by measuring the
Value at Risk (VaR) likelihood of losing more than a specific dollar amount over a
specific period of time
The total cost incurred by an organization because of the
Cost of Risk
possibility of accidental loss
Any condition that presents a possibility of gain or loss,
Exposure
whether or not an actual loss occurs
Volatility Frequent fluctuations, such as in the price of an asset
A qualitative estimate of the certainty with which the outcome
Likelihood
of a specific event can be predicted
Consequences The effects, positive or negative, of an occurrence
Time Hosizon Estimated duration
, Correlation A relationship between variable
Pure Risk A chance of loss or no loss, but no chance of gain
Speculative Risk A chance of loss, no loss or gain
The risk that customers or other creditors will fail to make
Credit Risk
promised payments as they come due
The perceived amount of risk based on an individual's or
Subjective Risk
organizations opinion
The measurable variation in uncertain outcomes based on facts
Objective Risk
and data
A risk that affects only some individuals, businesses or small
Diversifiable Risk
groups
The potential for a major disruption in the function of an entire
Systemic Risk
market or financial system
Uncertainty about an investment's future value because of
Market Risk
potential chances in the market for that type of investment
The risk that an asset cannot be sold on short notice without
Liquidity Risk
incurring a loss
Process for Managing Risk (5 1. Scan Environment
steps) 2. identify Risk
