This Component of the ERM Framework That Encompasses the Tone

question 5

Multiple Choice

This component of the ERM framework that encompasses the tone of an organization and sets the basis for how risk is viewed and addressed by an entity's people, including risk management philosophy and risk appetite, integrity and ethical values and the environment in which they operate.

• A) control activities
• B) internal environment
• C) risk assessment
• D) risk response

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Definitions:

Geographically Distributed Teams

Teams composed of members who are located in various geographical locations and who collaborate through the use of technology.

Relationship Conflict

Conflict arising from interpersonal incompatibilities, including differences in personalities, values, and preferences, often leading to stress and tension within the group.

Task Conflict

A situation where individuals or groups disagree on the best way to achieve a goal or complete a task, often leading to productive discussion.

Interteam Trust

The level of confidence and trustworthiness shared between different teams within an organization, influencing cooperation and collaboration.