ARM 2

When using the Supply Chain Resilience Assessment Model (SCRAM), which one of the following is a supply chain capability? A. Capacity B. Connectivity C. Agility D. Asset management

A. Capacity

In a fishbone (Ishikawa) diagram, the diagonal lines (the fish's bones) emanating from the horizontal arrow (the fish's spine) represent Select one: A. Causes. B. The problem being investigated. C. Recommendations. D. Effects.

A. Causes

A disadvantage of value-at-risk (VaR) is that VaR A. Does not accurately measure the extent to which a loss might exceed the threshold. B. Expresses complex positions in a single value. C. Uses monetary units to express the potential loss rather than percentages. D. Quantifies the potential loss associated with an investment decision.

A. Does not accurately measure the extent to which a loss might exceed the threshold.

All systems have four features. Which one of the following is one of those features? A. Environment B. Energy C. Elements D. Cargo

A. Environment

The cost of replacing damaged property with similar property that performs the same function but might not be identical to the damaged property is known as Select one: A. Functional replacement cost. B. Reproduction cost. C. Market value. D. Partial replacement cost.

A. Functional replacement cost

Which one of the following is a legal and regulatory concern when personal information is obtained from public sources? A. Privacy B. Fraud C. Volume D. Veracity

A. Privacy

What is the name given to a claim by an employee who says that he or she was fired because of the filing of a workers compensation claim? A. Retaliation claim B. Insurance claim C. Harassment claim D. Discrimination claim

A. Retaliation claim

A conscious act or decision not to act that reduces the frequency and/or severity of losses or makes losses more predictable is A. Risk control. B. A consequence of risk. C. A risk source. D. Risk prevention.

A. Risk Control

Pacific Fuel Company stores refined gasoline in a large underground storage tank, which is encased in a second tank, called a "double hull." Pacific Fuel's risk manager, Merrill, is concerned that fuel could leak from the tank and pollute the ground. To analyze this risk, he constructed an event tree. He believes there is a 40% probability that there will be a leak in the tank in the next five years and, if a leak occurs, he believes there is an 80% probability that the second hull will contain the leak. If the second hull does not contain the leak, he believes there is a 70% chance of severe pollution and a 30% chance of minor pollution. What is the probability of severe pollution from the tank occurring in the next five years? A. 2.40% B. 5.60% C. 9.60% D. 22.40%

B. 5.60%

Thorpe Company uses failure mode and effects analysis (FMEA) in their analysis of system components. The company rates severity of the consequence on a 1 to 10 scale, with 10 being the most severe. The likelihood of occurrence is rated 1 to 10, with 10 being the highest probability of occurrence. The likelihood that the failure will not be detected before a critical point is also rated 1 to 10, with 10 being the highest probability that the failure will go undetected. If the severity of failure is 8, the likelihood of occurrence is 7, and the likelihood of detection is 4, what is the criticality score? A. 28 B. 56 C. 224 D. 336

B. 56

A process in which managers perform an annual self-audit of the level of confidence they have in the risk management culture, practice, and procedures in their area is called A. A reunderwriting process. B. A control risk self-assessment. C. An underwriting audit. D. A risk management review.

B. A control risk self-assessment

All of the following are examples of tangible personal property, EXCEPT: A. Records of current customers B. A macadam parking lot with storm drains and lighting C. Checks received in the course of doing business D. Personal computers

B. A macadam parking lot with storm drains and lighting

Which one of the following is an earthquake-resistant building design used for structures less than three stories tall, that integrates the roof and floor diaphragms that can flex to transmit and distribute forces? A. Geological design B. Box action design C. Shock wave design D. Frame action design

B. Box action design

Which one of the following is an example of a managerial control used to mitigate cyber risk exposures? A. Establish a privacy policy for employees B. Centralizing responsibility for cyber security C. Try to maintain positive relationships with customers D. Install antivirus software on every computer

B. Centralizing responsibility for cyber security

An organization's risk manager can better target a response to a crisis by A. Viewing stakeholders as good corporate citizens. B. Considering the combination of local variables and network variables in a social network. C. Increasing the spread of negative sentiment through term frequency. D. Identifying and targeting individuals in a social network.

B. Considering the combination of local variables and network variables in a social network.

Which one of the following is an example of intangible property exposed to theft resulting from a cyber attack? Select one: A. Computer hardware B. Credit card numbers C. Money and securities D. Computer software

B. Credit card numbers

Which one of the following team approaches to risk identification involves a select group of experts in questionand- response cycles until a consensus is achieved? A. SWOT B. Delphi technique C. Scenario analysis D. HAZOP

B. Delphi technique

Carla Meyers is an independent insurance agent. She specializes in personal lines coverages and coverage for small businesses. One of her clients is Metro Candy Company. The retailer is a candy store that makes all its products at the store. Metro Candy Company developed a devoted group of customers, and the store decided to begin to offer its candy to on-line customers through a web site. The owner asked Carla if the businessowners policy covering Metro Candy Company covered the store's new venture into on-line sales. Carla assured the owner that any cyber liability was covered. A month after initiating on-line sales, Metro Candy Company's web site was hacked. The hacker obtained credit card data from 213 customers. Unfortunately, the store's businessowners policy did not cover cyber liability. The candy store owner sued Carla. What type of insurance will protect Carla from this type of claim? A. General liability insurance B. Errors and omissions insurance C. Cyber liability insurance D. Directors and officers liability insurance

B. Errors and omissions insurance

Because fault tree analysis identifies the events leading to a harmful event, it naturally suggests A. Insurance needs. B. Human error. C. Loss prevention measures. D. Natural disasters.

C. Loss prevention measures.

Goshen Insurance is developing a predictive model to determine the likelihood that newly licensed drivers will have an accident within the first two years of receiving a license. Goshen has data on 500 new drivers. A predictive model based on 400 drivers shows a strong correlation between drivers under age 18 and accidents in the first two years. Before using the model for underwriting purposes, Goshen Insurance runs the data on the remaining 100 drivers through the model to confirm that the correlation is significant. The data on the remaining 100 drivers is known as A. Training data. B. Holdout data. C. Cross fit data. D. Production data.

B. Holdout data

The assembly line production speed was automatically reduced when a sensor detected employee fatigue. Which one of the following technological advancements is responsible for this supply chain risk management tool? A. Blockchain B. Internet of Things C. Radio frequency identification tags D. Track and trace technology

B. Internet of Things

Which one of the following indicates the values of the target variable on a classification tree? Select one: A. Arrows B. Leaf nodes. C. Attributes D. Classifications

B. Leaf nodes.

The risk that the value of an investment or a portfolio of assets will increase or decrease in value due to the supply and demand for that investment is called A. Price risk. B. Market risk. C. Pure risk. D. Credit risk.

B. Market risk

XYZ Insurance Company's Chief Actuary, Barbara Hill, addressed the XYZ's Board of Directors. "Based on our analysis, there's an 85 percent chance of profitability if we pay $120 million to acquire ABC Insurance Company," she told them. When asked to explain her findings, she said that her team collected data on all the important variables that would impact profitability. Then they programmed a computer to select values from the probability distribution of each variable and to calculate net income. The computer was programmed to repeat the process 250,000 times, and to store the results. Then a probability distribution was created from the results. The type of analysis Barbara Hill was describing is called Select one: A. The Delphi technique. B. Monte Carlo Simulation. C. Break-even analysis. D. Sensitivity analysis.

B. Monte Carlo Simulation

Designing buildings and outside structures to withstand anticipated wind loads is an effective windstorm Select one: A. Disaster recovery step. B. Pre-loss action. C. Post-loss action. D. Disaster planning step.

B. Pre-loss action.

Four Grains Cereal Company signed a contract to deliver 250,000 boxes of cereal to a national supermarket chain at a specified price per box of cereal six months from today. Between now and when the grain to make the cereal is purchased, the cost of the grain may increase. If the cost of this important ingredient increases, the profitability of the transaction will be altered. This financial risk that Four Grains faces is A. Market risk. B. Price risk. C. Credit risk. D. Exchange rate risk.

B. Price Risk

Aries Organics is a manufacturer of organic foods and cosmetic products. It has recently experienced customer complaints about a few products. The company has decided to use a risk assessment tool that looks at upstream external factors, internal factors, and downstream external factors. It will analyze the companies supplying ingredients, the quality of the ingredients, how the ingredients are processed into the final products, and how the final products are inspected and distributed. Which one of the following risk assessment tools or techniques is Aries Organics using? Select one: A. Artificial intelligence B. Process flow analysis C. Risk register D. Fault tree analysis

B. Process flow analysis

Kendall Incorporated is considering purchasing a facility in Wilmington, N.C. Top management believes that it is the perfect location for a facility to help with their goal to expand into the south eastern U.S. The risk manager, Mia, raised her concern about the risk of hurricanes and windstorms. She made the point that consequences could go well beyond physical damage to the facility. In order to take a holistic approach, Mia suggested that they assemble a cross-functional team to obtain a multidimensional view of the potential consequences of hurricane and windstorm risk. Which one of the following risk identification techniques is Mia suggesting? A. Process flow analysis B. Scenario analysis C. HAZOP D. SWOT

B. Scenario analysis

A year ago, Durham Insurance began using Classic Body Works (CBW), rather than its own claim adjusters, to perform appraisals for auto damage claims. Durham has collected feedback on CBW from policyholders over the year. The insurer would like to use text mining to analyze the unstructured data and see if the overall opinion of CBW is positive, negative, or neutral. This type of analysis is known as A. Inverse frequency analysis. B. Sentiment analysis. C. A semantic network. D. Poisson distribution.

B. Sentiment analysis

Do-It-Yourself (DIY) is a chain of building material and home repair stores located in the Southeastern part of the United States. DIY always experiences a "run" on sheets of plywood and generators whenever hurricanes occur. Customers also want fuel and bottled water when they come to DIY after hurricanes. To speed the process of getting necessary products to stores with the greatest need, DIY entered into a contract with a supplier that will ship extra products overnight to stores close to where a Category 3 or higher hurricane is expected to make landfall. DIY uses forecast data from the National Weather Service. So far, the results have been favorable. DIY's standing order to have products sent to its stores when hurricane losses are imminent is an example of a Select one: A. Risk management information system. B. Smart contract. C. Contingent capital arrangement. D. Robotic process automation.

B. Smart contract.

Directors (and sometimes officers) owe a duty of loyalty to the A. Employees that support the corporation they serve. B. Stockholders who elect them. C. Federal Securities and Exchange Commission. D. Customers of the corporation they serve.

B. Stockholders who elect them.

One approach to managing reputation risk for an organization involves carefully managing the organization's interactions with the general public, its stakeholders, and its employees. This method is a A. Top-down approach. B. Systemic approach. C. Socratic approach. D. Bottom-up approach.

B. Systemic approach

Which one of the following Internet of Things devices has greatly influenced vehicle and driver safety? A. Drones B. Telematics C. Blockchain D. Robots

B. Telematics

A source of a rapidly growing quantity of external data is A. Risk management and insurance professionals. B. The Internet of Things. C. Industry loss data. D. Computers.

B. The Internet of Things

ABC Insurance Company is considering the purchase of Comp-Rite Insurance Company, an insurer that writes workers compensation insurance only. According to GAAP accounting statements, Comp-Rite has total assets of $100 million and total liabilities of $80 million of which loss reserves are $65 million. Which one of the following statements is true based on this information? A. The book value of Comp-Rite is $35 million. B. The market value of Comp-Rite's loss reserves is less than $65 million. C. The market value of Comp-Rite is $20 million. D. ABC Insurance should be willing to pay $100 million for Comp-Rite.

B. The market value of Comp-Rite's loss reserves is than $65 million.

Which one of the following statements is true regarding the Life Safety Code®? A. Failing to comply with the Life Safety Code® is a breach of contract. B. The standards of the Life Safety Code® are incorporated into the statutes and ordinances of most United States localities. C. The Life Safety Code® considers the general characteristics of building construction and external protection. D. Compliance with the Life Safety Code® is usually voluntary and optional.

B. The standards of the Life Safety Code® are incorporated into the statutes and ordinances of most United States localities.

Shawn, a stock analyst, is analyzing a company. The book value of the company's assets is $780 million, and the book value of company's liabilities is $440 million. Shawn believes the market value of the company's assets is $860 million, the market value of the liabilities is $420 million, and the company's economic capital is $400 million. Based on this information, the company's excess capital is A. $20 million. B. $40 million. C. $340 million. D. $440 million.

B.$40 million

A predictive model is applied to a clothing manufacturer's data of 1,000 employees, 50 of whom had workplace injuries in the past year. The table below shows how often the model correctly and incorrectly predict for each employee "yes, will have an accident" or "no, will not have an accident." Predicted No + Predicted Yes = Total (1,000 Employees) Actual No 945 5 950 Actual Yes 10 40 50 Based on the preceding number, these statements can be made: There are 40 true positives (TP) for which the model correctly predicted yes. There are 945 true negatives (TN) for which the model correctly predicted no. There are 5 false positives (FP) for which the model incorrectly predicted yes (and the actual answer is no). There are 10 false negatives (FN) for which the model incorrectly predicted no (and the actual answer is yes). What is the precision of the workplace injury predictive model? Select one: A. .800 B. .842 C. .889 D. .985

C. .889

Granton Manufacturing uses diamond-point cutting tools to manufacture metal plates. The diamond points have an average life of 90 days. Some points last longer and others wear out more quickly; however, overall the average life of the diamond points follows a normal distribution curve with each standard deviation equaling 10 days. Replacing a point requires only 15 minutes. However, if a point fails, Granton often must scrap some of the metal plates, and the process to return to full operations takes over two hours. What percentage of diamond points are likely to wear out before 80 days? A. 0.13% B. 2.15% C. 15.87% D. 34.14%

C. 15.87%

Risk manager Martin is using linear regression analysis to forecast production losses. He charts the annual number of losses per 1,000 (1 through 8) on the vertical (y) axis and charts the years (1 through 5) on the horizontal (x) axis. Martin has calculated the slope as .6 and the y-intercept as 3. Based on this trend line, Martin projects losses for year 6 to be A. 5,000. B. 6,000 C. 6,600. D. 7,800.

C. 6,600

Big City Bank restricts Internet usage by bank employees to "bank business only." The bank is concerned that social network users and others accessing the web may introduce computer viruses and malware to the bank's computer network. Safeguarding private data is a major concern for the bank as they have depositor's account numbers, PINs, bank records, and social security numbers. The risk to the bank posed by malicious software and computer viruses is A. A reputational risk. B. An employment risk. C. An operational risk. D. An intellectual property risk.

C. An operational risk

One aspect of the failure mode and effects analysis (FMEA) is an examination that identifies the most important components of a system and ranks the severity of losing each component. This examination is called which one of the following? A. Sensitivity analysis B. Maximum possible loss analysis C. Criticality analysis. D. Root cause analysis

C. Criticality analysis

In today's business environment, holistic risk management needs to be a collaborative effort. Which one of the following types of risk is the best example of why collaboration is needed? A. Liability risk B. Hazard risk C. Cyber risk D. Liquidity risk

C. Cyber risk

The relationship between the expected value and the standard deviation of a normal distribution can have useful practical application. Which one of the following best describes such a practical application? A. Selecting which risk management technique would be most appropriate for a particular loss exposure B. Predicting when losses, such as physical damages losses to an automobile fleet, are likely to occur C. Determining a maintenance schedule for equipment that could become dangerous if it were to fail D. Identifying whether a particular loss exposure is high-frequency and low-severity, or high-severity and low frequency

C. Determining a maintenance schedule for equipment that could become dangerous if it were to fail.

Which one of the following statements regarding controlling social media risks is true? A. Risk control measures regarding social media should be developed by the information technology department rather than by the risk management department. B. Employees may not be prohibited from using social media while at work. C. Employers may monitor social media websites to learn about and to control risky employee activities. D. As social media is developing so rapidly, a risk control program cannot have a written social media policy.

C. Employers may monitor social media websites to learn about and to control risky employee activities.

George is a delivery driver for Fantastic Furniture, a large store. While on his way to make a delivery, George ran over a piece of lumber with some nails it. The nails punctured a tire, and George ran off the road and hit a vehicle. The police investigated the accident and took a statement from George and from an eye-witness. In his statement, George admitted that he was talking on his cell phone when he ran over the piece of lumber. The eye-witness estimated George was driving 45 miles-per-hour in a 35 miles-per-hour speed zone. If Fantastic Furniture performs a root cause analysis (RCA) of this accident, which of the following would be identified as a root cause? A. Vehicle driven at excessive speed B. Tire punctured by nails in piece of lumber C. Inadequate driver training D. Driver distracted by cell phone use

C. Inadequate driver training

Geneva Trucking installed telematics devices in all of its trucks. The sensors in two trucks indicate a frequency of hard braking. Which one of the following types of indicator does this information provide for Geneva Trucking? Select one: A. Lagging indicator B. Generic indicator C. Leading indicator D. Control indicator

C. Leading indicator

An organization has implemented a firewall system to prevent its employees from accessing adult and inappropriate websites. The organization believes this will greatly reduce the threat of a viral or denial of service attack from outside sources. Which one of the following best describes the type of risk control measure implemented? Select one: A. Security control B. Personnel control C. Procedural control D. Managerial control

C. Procedural control

Blockchain supports supply chain management by Select one: A. Alerting managers in real time of conditions that need to be addressed. B. Allowing managers to run computer simulations of the potential impact of different types of disruptions. C. Providing common, authoritative, and immutable records of transactions for all participants in a chain. D. Identifying where a product or its components are or have been.

C. Providing common, authoritative, and immutable records of transactions for all participants in a chain.

Which one of the following risk assessment tools can be used to capture vital information regarding environmental conditions, and worker health and safety indicators? A. Risk thresholds B. Computer vision C. Sensors D. Risk registers

C. Sensors

Patricia's Pies is a small bakery that makes various types of fruit pies. The pies are only sold at local markets. Patricia's is loyal to the local community and has always depended on a local farmer to supply the fruit for the pies. Due to drought conditions this year, the local farmer's crops have been poor and he is unable to meet the supply needs of Patricia's Pies. Patricia's is now contacting other farmers trying to meet its fresh fruit demand, but the supplies are limited and the prices are high. Which one of the following external threats in the supply chain is Patricia's facing? A. Sole source suppliers B. Geopolitical environment C. Single source supplier D. Change in demand level

C. Single source supplier

When using fault tree analysis (FTA), an "or" gate indicates which one of the following? A. That all of the events leading to the gate must occur or the next event will not occur. B. That either event leading to the gate will prevent the next event from occurring. C. That any one of the events leading to the gate is sufficient to cause that event to occur. D. That the event leading to the gate will cause one of the two events above the gate to occur.

C. That the events leading to the gate is sufficient to cause that event to occur.

Which one of the following statements is true regarding probability distributions in forecasting? Select one: A. Probability distributions do not include every possible outcome. B. A properly constructed probability distribution contains outcomes that are simultaneously redundant and restricted. C. The sum of the probabilities in a probability distribution must total 1.0. D. Theoretical probabilities are unsuited to creating probability distributions because of their reliance on actual experience.

C. The sum of the probabilities in a probability distribution.

In addition to analyzing individual risks, an organization can prepare a report to depict all of the organization's risk scenarios. This analysis provides a description of the risk, lists the risk owners, specifies the risk quadrants impacted by the risk, estimates the likelihood of loss and the resulting consequences, assigns a risk level, and specifies any improvements needed. This collection of reports on the individual risks is called A. A risk management manual. B. A risk management policy statement. C. A company risk report. D. An organizational risk register.

D. An organizational risk register.

A risk manager and safety engineer need to consider which one of the following interdependent elements when evaluating the premises condition? A. Ergonomic stress B. Temperature extremes C. Air quality and movement D. Construction, occupancy, protection, and external exposures

D. Construction, occupancy, protection, and external exposures.

Jones, Inc. buys grain from local farmers and re-sells the grain to a number of customers. Jones, Inc. has been approached by Snack Cracker Company. Snack Cracker would like to purchase wheat and corn from Jones, Inc. to use in the crackers it produces. Snack Cracker would like to pay for the grain within 30 days of the date the grain is delivered. As Snack Cracker is a new customer, Jones, Inc. asked to review its financial statements. Which balance sheet ratio would best assist Jones, Inc. in determining if Snack Cracker can pay for the grain within 30 days of the sale? A. Debt-to-equity ratio B. Debt-to-assets ratio C. Equity-to-assets ratio D. Current ratio

D. Current ratio

Several types of economic capital can be considered in a risk-adjusted return on capital model. One category of economic capital is the portion of an organization's overall economic capital that is allocated to a particular activity. This category considers the degree of correlation among the risks of the organization's various activities. This type of economic capital is called A. Divisional economic capital. B. Marginal economic capital. C. Stand-alone economic capital. D. Diversified economic capital.

D. Diversified economic capital.

Moving rapidly to detect and evaluate damage and to counter its continuation or spread by giving first aid or protecting property in imminent danger of fire is a basic strategy of the A. Change analysis. B. Technique of operations review approach. C. Sequence of events theory. D. Energy transfer theory.

D. Energy transfer theory

Which one of the following phases in the life of a safety system occurs when the system's design is constructed and prototypes are tested? A. Production phase B. Operational phase C. Disposal phase D. Engineering phase

D. Engineering phase

North American Furnishing was unable to meet its production goals when one of its key suppliers of leather went out of business with no advanced notice. Which one of the following categories of operational risk would this be classified as? A. Process B. People C. Systems D. External event

D. External Event

Fatima is the risk professional for Courtland Incorporated. She is evaluating several emerging risks to the organization. This requires her to collaborate with external subject-matter experts and internal subject-matter experts. Which one of the following internal experts would likely be most concerned with the information Fatima received from an external climate change expert? A. Chief executive officer B. Production manager C. Information technology manager D. Facilities manager

D. Facilities manager

Which one of the following team approaches to risk identification is primarily used to design complex, scientific systems? A. Delphi technique B. SWOT C. Scenario analysis D. HAZOP

D. HAZOP

Which one of the following is an analysis that dissects a repetitive task to determine potential hazards if each action is not performed? A. Fault tree analysis B. Change analysis C. Root cause analysis D. Job safety analysis

D. Job safety analysis

According to the Power/Interest Matrix for Prioritizing Stakeholders, what is the best course of action for dealing with stakeholders who have low interest in the organization and high power over the organization? A. Keep them informed B. Extend minimum effort towards them C. Extend maximum effort towards them D. Keep them satisfied

D. Keep them satisfied

North American Furnishings was almost forced into bankruptcy when wildfires in California significantly affected its wood suppliers. The manufacturer was able to obtain the wood from other suppliers, but at a much higher cost. North American Furnishings was able to deliver its products, but they were delivered late and the company profits suffered. As part of its supply chain resiliency plan, the company has established contracts with several back-up supplies located in different geographic regions. It is hopeful that this will enable the company to outperform its competitors through adverse conditions. This plan will help North American Furnishings mitigate all of the following external supply chain exposures, EXCEPT: Select one: A. Natural or man-made disasters B. Financial risks C. Changes in demand D. Loss of supply due to external events

D. Loss of supply due to external events

Global Products Company (GPC) markets its products on television. GPC purchased cyber liability coverage from XYZ Insurance Company. Melody Franklin saw a product advertised by GPC. She called the toll-free number, ordered the product, and used her credit card for the purchase. The following day, GPC's computer network was hacked. The hacker obtained Melody's credit card number and quickly charged over $5,000 of merchandise on the credit card. In this scenario demonstrating potential third party liability, who is considered the third party? A. The hacker B. Global Products Company C. XYZ Insurance Company D. Melody Franklin

D. Melody Franklin

In risk mapping, which one of the following represents the level of risk that is within an organization's risk appetite? A. Current risk B. Inherent risk C. Residual risk D. Optimum risk

D. Optimum risk

Which one of the following categories of operational risk includes many risks which are hazard risks or other forms of insurable risk? Select one: A. External events B. Systems C. Process D. People

D. People

A matrix of the likelihood and potential impact consequences of the organization's risks is called a A. Risk identification. B. Risk analysis. C. Risk register. D. Risk map.

D. Risk Map

Which one of the following statements best describes the shareholders' equity section of the balance sheet? A. Shareholders' equity decreases by the amount of debt satisfied during the year. B. Shareholders' equity is negative when the entity reports a net loss for the year. C. Shareholders' equity is an asset of the business entity. D. Shareholders' equity is negative when liabilities exceed assets.

D. Shareholders' equity is negative when liabilities exceed assets.

In order to be useful, data should be A. Structured. B. Unstructured. C. Internal. D. Structured or unstructured.

D. Structured or unstructured.

Ready Van Lines installed sensors in all the vehicles in the company fleet. The sensors record fluid levels, tire pressure, and key mechanical data. The sensors also record driving behavior, such as rate of acceleration from a standing stop, braking time, average highway driving speed, and hours of use. The data obtained from the sensors helps Ready Van Lines to target vehicle maintenance and repair needs, as well as unsafe driving behavior. All Ready Van Lines use of the sensors illustrates Select one: A. The use of blockchain to improve financial results. B. The use of data analytics to improve competitive position. C. The use of robotic process automation to reduce data entry errors. D. The use of telematics to reduce operational risk.

D. The use of telematics to reduce operational risk.

Sebastian Snax is a manufacturer of organic snack foods. The products are distributed to grocery stores by a contract carrier. On March 31, Sebastian learns that the drivers for the contract carrier may go on strike at midnight. The contract carrier does not have a back-up plan, and Sebastian is now searching for an alternative way to deliver its products. How could management at Sebastian have better prepared for this potential disruption? Select one: A. Through retaining control of product distribution B. Through a business continuity plan C. Through use of just-in-time deliveries and work processes D. Through an improved relationship and communication with the contract carrier

D. Through an improved relationship and communication with the contract carrier

Quade Enterprises has been targeted by animal rights groups due to its use of animals in product testing. One night, bricks are thrown through the front windows of Quade's corporate headquarters. This act is an example of Select one: A. Political terrorism. B. Breaking and entering. C. Extortion. D. Vandalism.

D. Vandalism

To apply a modeling algorithm to text, A. Each term or each column in a table is considered to be an attribute. B. Inverse document frequency must be measured and flagged. C. The text must be put into a form that the algorithm can recognize, such as by giving it numerical values. D. The number of times a term appears in each document must be counted.

The text must be put into a form that the algorithm can recognize, such as by giving it numerical values.