Which Component of the ERM Framework Is Best Described Here

question 116

Multiple Choice

Which component of the ERM framework is best described here: Management selects whether to avoid, accept, reduce, or share risk - developing a set of actions to align risks with the entity's risk tolerances and risk appetite.

• A) control activities
• B) event identification
• C) risk assessment
• D) risk response

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Definitions:

Smoking Cessation

The process of quitting smoking and overcoming nicotine addiction, often involving various methods and supports.

Presenteeism Costs

The expenses associated with employees who are at work but not fully functioning due to illness or other conditions.

Organizational Costs

Costs associated with the day-to-day operations, management, and support activities within an organization.

HRM Effectiveness

A measure of how successfully human resource management strategies and practices achieve their intended outcomes within an organization.