Which of the Following Statements About Enterprise Risk Management Is

question 25

Multiple Choice

Which of the following statements about Enterprise Risk Management is incorrect?

• A) It deals with a limited number of techniques.
• B) It has expanded the responsibilities of the corporate risk manager.
• C) It deals with pure risks.
• D) It deals with speculative risks.

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Definitions:

Dependent Children

Children who are financially supported by a parent or guardian and meet specific criteria, qualifying the parent to receive tax benefits; a reiteration with emphasis on the criteria aspect.

Qualified Day Care Center

A child care facility that meets specific criteria set by the IRS to be eligible for certain tax benefits.

Full-Time Student

A status for individuals who attend an educational institution for a certain number of hours or courses as defined by the institution.

Child And Dependent Care Credit

A tax credit in the U.S. for eligible expenses related to the care of a child or dependent, making it easier for caregivers to work or look for work.