Arm 402 Practice Exam (404 Questions) And Answers Rated A+

An organization that operates warehouses in two locations is using the risk control technique of A. Separation. B. Loss prevention. C. Duplication. D. Diversification. {Ans: A}Taylor owns Paoli Hardware, a mid-sized hardware store with 25 employees. Paoli Hardware has won best local hardware store 3 years in a row. Taylor would like to expand operations and has undertaken a SWOT analysis. Which one of the following could Taylor's SWOT analysis consider an opportunity or a threat, or both an opportunity and a threat? a. Shortage of personnel to explore new projects b. Lack of Expertise c. Reputation d. Technological advancements {Ans: D}The typical civil-law case is divided into three stages and they are A. Isolated meetings, written communications, and motions and judgments. B. Mediation and arbitration, negotiation, and settlement. C. Preliminary indictment, admissions, and jury deliberation and deliberation verdicts. D. Pleadings, taking of evidence, and a decision by a judge. {Ans: D}The catastrophe losses that trigger payment under a catastrophe bond A. Are priced at a level to ensure that investors can only break even or lose money on the investment. B. Can be based on aggregate catastrophe losses over a defined period of time or the