Which Statement Is (Are)true with Respect to Enterprise Risk Management

question 16

Multiple Choice

Which statement is (are) true with respect to enterprise risk management programs?
I.They address traditional property,liability,and personnel loss exposures.
II.They do not address financial risks.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to offer, and how to collect payments.

Accounts Receivable

Money owed to a company by its debtors for goods or services delivered but not yet paid for.

Credit Standards

The financial strength and creditworthiness that qualifies a customer for a firm’s regular credit terms.

Financial Importance

Financial importance refers to the significance placed on managing finances effectively to ensure stability and growth of an individual's or organization's assets.