The Role of Chief Risk Officer (CRO) Expanded the Traditional

question 29

Multiple Choice

The role of chief risk officer (CRO) expanded the traditional risk manager's role by:

• A)developing an entirely independent department specialized in risk management.
• B)hiring professionals who are specialized in mitigating specific types of risks.
• C)performing only the risk management functions in an organization.
• D)integrating the firm's silos, or separate risks, into a holistic framework.
• E)treating all the risks individually and finding a solution to mitigate each risk independently.

---

Definitions:

Economic Stress

A condition or situation characterized by financial strain, uncertainty, or hardship affecting individuals, families, or communities, often due to external economic factors.

Nuclear Family

A family group consisting of two parents and their children (biological or adopted), considered the basic unit of society.

Feral

Animals or plants that have returned to a wild state after being domesticated or cultivated.

Teknonymy

A form of naming convention wherein parents are referred to by the names of their children.