Which of the Following Components Influences the Risk Consciousness of an Organization's

question 322

Multiple Choice

Which of the following components influences the risk consciousness of an organization's people and is the basis for all other components of enterprise risk management?

• A) Objective setting.
• B) Information and Communication.
• C) Risk Assessment.
• D) Internal Environment.

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in collective bargaining.

Point Method

A job evaluation method that quantitatively assesses a job's key components using a point system, contributing to determining its relative value or pay scale.

Scientific Process

A methodical and empirical approach to research and investigation characterized by systematic experimentation, observation, and analysis.

Internal Equity

The fairness in pay levels for employees within the same organization, ensuring that compensation is consistent with the value of different roles.