The New Enterprise Risk Management (ERM) Focusses on How Risks

question 8

Multiple Choice

The new Enterprise Risk Management (ERM) focusses on how risks and opportunities might impact on the achievement of strategic goals and on the creation, preservation, realization or erosion of value. ERM involves the assessment of an organization's

• A) culture.
• B) capabilities.
• C) practices.
• D) strategies.
• E) All of these are correct.

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Definitions:

Software Company

A business entity that specializes in developing, distributing, and maintaining software applications or systems.

Maslow's Theory

A psychological framework suggesting that human beings have a hierarchy of needs ranging from basic physiological needs to self-actualization, motivating their behavior.

Extrinsic Rewards

Benefits provided by an external source, such as an employer, to motivate individuals, including financial incentives, bonuses, and other non-inherent rewards.

Intrinsic Rewards

The personal satisfaction and fulfillment that an individual derives from performing a job well, arising from internal factors such as a sense of achievement or personal growth.