This Component of the ERM Framework Concerns the Entirety of Enterprise

question 141

Multiple Choice

This component of the ERM framework concerns the entirety of enterprise risk management and is accomplished through ongoing management activities, separate evaluations, or both.

• A)control activities
• B)monitoring
• C)objective setting
• D)risk response

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Definitions:

Price Level

The price level represents the average cost of goods and services across the economy at a specific point in time.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Money Supply

The overall available monetary assets within an economy at a designated time.

Nominal Variables

Variables measured in monetary units.