When Announcing That an Enterprise Risk Management Program Would Be

question 56

Multiple Choice

When announcing that an enterprise risk management program would be implemented at XYZ Company,the president of the company observed,"We must overcome the silo mentality for the program to be successful." The "silo mentality" refers to

• A)over-emphasis on pure risks and ignoring speculative risks.
• B)using too much of one risk treatment measure and ignoring other risk treatment methods.
• C)focusing narrowly on one area and not viewing risk holistically.
• D)everyone assuming someone else is responsible for managing a risk and no one taking leadership.

---

Definitions:

Instrumental Support

A type of assistance that involves providing tangible, practical help to someone in need, such as financial aid or help with tasks.

Emotional Support

A type of social support that includes empathy, concern, affection, love, trust, acceptance, intimacy, encouragement, or caring.

Men

Adult human males, often referred to in contexts discussing gender-specific characteristics, roles, or issues.

Social Comparison Processes

The act of evaluating oneself by comparing with others, which can influence self-esteem, motivation, and behavior.