Enterprise Risk Management Enables Management to Effectively Deal with Uncertainty

question 8

Multiple Choice

Enterprise risk management enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value. Value is maximized when management sets strategy and objectives to strike an optimal balance between growth and return goals and related risks, and efficiently and effectively deploys resources in pursuit of the entity's objectives. Enterprise risk management encompasses all of the following EXCEPT:

• A) Aligning risk appetite and strategy
• B) Enhancing risk response decisions and Seizing opportunities
• C) Reducing operational surprises and losses
• D) Risk Assessment

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Definitions:

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