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:

Open Positions

Vacancies in an organization that are available for new hires.

Personnel Movement

The activities related to the transfer, promotion, or turnover of employees within an organization.

Management Inventory

A collection or database of information related to an organization’s managerial resources and capabilities.

Professional or Technical Personnel

Workers with specialized knowledge, qualifications, or expertise used in their professions, such as engineers, lawyers, or IT specialists.