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:

Experience Shame

An intense emotional response felt when an individual perceives themselves as having failed to meet certain standards or expectations, which can be internal or societal.

Experience Guilt

The emotional state that arises from the realization or belief that one has caused harm or violated a moral standard.

Self-Control

The ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.

Inhibition

The process of restraining or suppressing a response, action, or cognitive process, often discussed in psychology and neuroscience.