Which Component of the ERM Framework Is Best Described Here

question 121

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:

Slope Failure

The sudden or gradual collapse of a slope that is too steep for its material to resist the pull of gravity.

Calcium Carbonate

Calcium carbonate is a chemical compound, CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of shells of marine organisms, snails, and eggs.

Clay Minerals

A group of hydrous aluminium phyllosilicates, sometimes with variable amounts of iron, magnesium, alkali metals, alkaline earths, and other cations, which are found in soils and sedimentary rocks.

Chemical Ions

Atoms or molecules that have gained or lost one or more electrons, resulting in a net electrical charge.