A Process, Effected by an Entity's Board of Directors, Management

question 48

Multiple Choice

A process, effected by an entity's board of directors, management and other personnel, applied in strategy setting 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.

• A)enterprise risk management
• B)internal control
• C)organizational governance
• D)risk assessment

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Definitions:

Representing Category

Acting as an example or embodiment of a broader group or classification.

External Behavior

Observable actions or responses of an individual in interaction with the environment or outside stimuli, distinct from internal cognitive processes.

Political Tactics

Strategies and maneuvers used within an organization to gain advantage or support in order to achieve specific goals or objectives.

Conducting Market Research

is the process of gathering, analyzing, and interpreting information about a market, including its trends, competitors, and consumers, to inform business decisions.