A Process, Effected by an Entity's Board of Directors, Management

question 125

Multiple Choice

A process, effected by an entity's board of directors, management and other personnel, applied in strategy settings and across the enterprise, designed to identify potential events that may effect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is:

• A) enterprise risk management
• B) internal control
• C) organizational governance
• D) risk assessment

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Definitions:

Little Education

A term describing a minimal level of formal schooling or academic learning that an individual has received.

Internal Locus

The belief that individuals have control over their own life events and outcomes, as opposed to external forces.

Anxiety and Depression

A set of mood disorders characterized by persistent feelings of worry and sadness, impacting daily functioning.

Injuries and Accidents

Harm or damage occurring to an individual as a result of sudden or unforeseen events.