Risk Assessment & Mitigation Flashcards
7 cards from real TRIP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Risk Assessment & Mitigation flashcards as text
A motor carrier operates routes through high-crime urban corridors at night. Which risk mitigation strategy most directly addresses cargo theft exposure?
Answer: Implement GPS tracking and secure parking protocols
GPS tracking combined with secure, approved parking locations directly reduces cargo theft frequency and aids recovery.
In transportation risk assessment, a 'frequency-severity matrix' is used primarily to:
Answer: Prioritize loss exposures by likelihood and financial impact
The frequency-severity matrix helps risk managers rank exposures so resources are allocated to the most critical combinations of likelihood and impact.
Which of the following is an example of risk avoidance in a transportation context?
Answer: Discontinuing operations in a hazardous material commodity class
Risk avoidance means eliminating the exposure entirely, such as exiting a hazardous commodity line rather than managing the associated risk.
A fleet risk manager notices that rear-end collisions spike in winter months. The BEST initial step is to:
Answer: Conduct a root cause analysis of the seasonal pattern
Root cause analysis identifies underlying factors (road conditions, speed, following distance habits) that can then be addressed through targeted interventions.
Under the TRIP framework, 'inherent risk' in transportation refers to:
Answer: The gross risk level before any mitigation measures are in place
Inherent risk is the baseline exposure existing in the absence of any controls, before mitigation efforts are considered.
A trucking company requires all drivers to complete a pre-trip inspection checklist. This practice is best classified as:
Answer: Loss prevention control
Pre-trip inspections are loss prevention controls designed to identify mechanical hazards before they cause accidents.
Which key performance indicator (KPI) would BEST help a risk manager track the effectiveness of a driver safety program over time?
Answer: Recordable accident rate per million miles driven
Accident rate per million miles normalizes for fleet size and exposure, making it the standard benchmark for safety program effectiveness.