A Major Difference Between Enterprise Risk Management and Traditional Risk

question 46

Multiple Choice

A major difference between enterprise risk management and traditional risk management lies in the narrow focus of traditional risk management on:

• A) Property and liability risks. II. Risks with insurance solutions. III. Risks impacting organizational objectives.
• B) I and II only
• C) I and III only
• D) II and III only
• E) I, II, and III.

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Definitions:

Transportation

The movement of people or goods from one location to another using various modes such as road, rail, air, or sea.

Giovanni Arnolfini

A wealthy merchant from Renaissance Bruges, frequently associated with the famous painting by Jan van Eyck believed to depict him and his wife.

Fidelity

The degree of accuracy by which a copy reproduces its source or the loyalty to faithfulness to obligations, duties, or commitments.

Dukes of Burgundy

Titles held by the rulers of the Burgundian State, spanning parts of modern-day France, Belgium, and the Netherlands from the 9th to the 15th centuries.