An Enterprise Risk Management (ERM) Program Has a Goal of Defining

question 4

True/False

An enterprise risk management (ERM) program has a goal of defining which risks the program will manage.

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Definitions:

Organizational Politics

Behavior that is not formally sanctioned by the organization and that is focused on maximizing our self-interest, often at the expense of the organization or other employees.

Coalition Building

is the process of forging alliances or partnerships among groups or individuals to achieve shared goals or address common issues.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of an organization.

Commitment

A state of being dedicated or loyal to a cause, activity, or job; fully engaging in an activity or duty.