The ERM Framework Addresses Four Categories of Management Objectives

question 34

Multiple Choice

The ERM framework addresses four categories of management objectives. Which category of concerns laws and regulations?

• A) compliance
• B) operations
• C) reporting
• D) strategic

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Definitions:

Bank Loan

A bank loan is a sum of money borrowed from a bank that must be repaid with interest over a predetermined period.

Receivables Balance

The complete amount of financial liabilities customers hold towards a company for supplied goods or services awaiting payment.

Accounts Receivable Period

The amount of time it takes for a company to collect payment from its customers after a sale has been made.