Match the ERM Objective with the Appropriate Definition

question 83

Multiple Choice

Match the ERM Objective with the appropriate definition.
-Strategic objectives

• A)These objectives relate to the reliability of the enterprise's reporting, both internal and external.
• B)These objectives relate to the effective and efficient use of the entity's resources.
• C)These objectives relate to goals that support the entity's mission.
• D)These objectives relate to the entity's compliance with all applicable laws and regulations.

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Definitions:

Advertise

The act of promoting products, services, or ideas through various media channels in order to attract or increase interest among consumers.

Market Power

The ability of a firm or group of firms to influence the price of goods or services in a market.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Perfectly Competitive Market

A market structure characterized by a large number of buyers and sellers, homogeneous products, and easy entry and exit, leading to price-taking behavior.