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The New Enterprise Risk Management (ERM)focuses on How Risks and Opportunities

question 20

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The new enterprise risk management (ERM) focuses on how risks and opportunities might impact the achievement of strategic goals as well as the creation, preservation, realization, or erosion of value.  ERM involves the assessment of an organization's:


Definitions:

Self-Fulfilling Prophecy

A belief or expectation that influences one’s actions in a way that causes the belief to become a reality, thereby confirming itself.

Labels

Tags or names assigned to individuals or items that categorize them, often oversimplifying and leading to stereotypes or misconceptions.

Life Script

A theory describing how we live out the narratives we have developed about our lives, often unconsciously, based on past experiences.

Self-Esteem

An individual's subjective evaluation of their own worth or abilities.

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