Which Component of the ERM Framework Is Best Described Here

question 39

Multiple Choice

Which component of the ERM framework is best described here: Internal and external events affecting achievement of an entity's objectives must be identified, distinguishing between risks and opportunities. Opportunities are channeled back to management's strategy or objective-setting processes.

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

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Definitions:

Petechial Rash

A condition characterized by small, red or purple spots on the body, caused by minor hemorrhages in the skin layers.

Meningitis (Bacterial)

An infection of the protective membranes covering the brain and spinal cord caused by bacteria, which can be severe and life-threatening.

Skin Infection

An invasion and multiplication of microorganisms on the skin causing harm and various symptoms such as redness, swelling, and pain.

Sterilization

A set of medical and laboratory techniques designed to destroy all forms of microorganisms, including bacteria, viruses, and spores, typically used on medical equipment.