ARM 401 ASSIGNMENT 1 PREP
QUESTIONS WITH 100% CORRECT
ANSWERS
Antonia must first determine which approach (or
approaches) she wants to use to identify and assess
FIFM's risks. She wants to involve multiple people in the
process, so she decides to go with a team approach.
Which of these team approaches should Antonia start
with?
A) Facilitated workshop
B) Delphi technique
C) Scenario analysis
D) SWOT - correct answer- A) Facilitated
workshop
CraftNoise, Inc., makes speakers for consumers' homes.
Management knows that when a customer has to return a
defective speaker, that customer will not return to
purchase another one. As a result, CraftNoise will not
, tolerate having more than 2 percent of its speakers
returned because of defects. Which one of the following is
this an example of?
A) Setting a risk threshold
B) Creating a risk register
C) Adopting a risk identifier
D) Building a fault tree - correct answer-
Delmar AeroFab Inc. is designing a part for a commercial
aircraft that cannot have any defects. Which of these
team-oriented approaches to risk identification should it
adopt?
A) Facilitated Workshops
B) Delphi Technique
C) HAZOP
D) SWOT - correct answer- C) HAZOP
QUESTIONS WITH 100% CORRECT
ANSWERS
Antonia must first determine which approach (or
approaches) she wants to use to identify and assess
FIFM's risks. She wants to involve multiple people in the
process, so she decides to go with a team approach.
Which of these team approaches should Antonia start
with?
A) Facilitated workshop
B) Delphi technique
C) Scenario analysis
D) SWOT - correct answer- A) Facilitated
workshop
CraftNoise, Inc., makes speakers for consumers' homes.
Management knows that when a customer has to return a
defective speaker, that customer will not return to
purchase another one. As a result, CraftNoise will not
, tolerate having more than 2 percent of its speakers
returned because of defects. Which one of the following is
this an example of?
A) Setting a risk threshold
B) Creating a risk register
C) Adopting a risk identifier
D) Building a fault tree - correct answer-
Delmar AeroFab Inc. is designing a part for a commercial
aircraft that cannot have any defects. Which of these
team-oriented approaches to risk identification should it
adopt?
A) Facilitated Workshops
B) Delphi Technique
C) HAZOP
D) SWOT - correct answer- C) HAZOP
