Reasons to Adopt an Enterprise Risk Management Plan Include All

question 52

Multiple Choice

Reasons to adopt an enterprise risk management plan include all of the following EXCEPT

• A)to increase earnings volatility.
• B)to treat risks facing the business in a more holistic way.
• C)to increase net income.
• D)to gain an advantage over competitors.

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Definitions:

Medium

A means or channel of communication, such as television, radio, print, or digital platforms, through which information or messages are conveyed.

Economical

Pertaining to efficient and prudent use of resources, ensuring minimal waste and maximum value.

Planning Phase

The initial stage in a project or process where objectives are defined and strategies are developed.

Analyzing

The process of examining something in detail in order to understand it better or to draw conclusions from it.