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:

Piaget

Jean Piaget was a Swiss psychologist known for his work on child development and cognitive development theory.

Moral Judgments

Evaluations or decisions about the rightness or wrongness of actions, often guided by societal norms and personal values.

Psychological Reasoning

Psychological reasoning involves the process of using logical, rational thinking and mental activities to understand human behavior and cognitive processes.

Moral Intuitions

Immediate, gut-level feelings that guide judgments of right and wrong without conscious reasoning.