Match the ERM Component Name to the Appropriate Definition

question 98

Multiple Choice

Match the ERM component name to the appropriate definition.
-Internal Environment

• A)This is comprised of policies and procedures established and implemented to ensure risk responses are effective.
• B)This involves identifying occurrences that affect an enterprise's ability to attain its objectives.
• C)This involves ensuring relevant data is captured and communicated effectively throughout the organization to appropriate individuals in a timely manner.
• D)This involves watched evaluation and feedback that permits modifications as needed.
• E)This ensures that the enterprise has a process for setting goals that are consistent with the entity's mission and risk appetite.
• F)This involves the risk management philosophy of the enterprise, including the tone set by top management.

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Definitions:

SIM Card

Short for Subscriber Identity Module, a removable smart card used in mobile phones and some other devices, storing user’s subscription information and phonebook data.

IMSI

International Mobile Subscriber Identity, a unique number associated with all cellular networks mobile phone users that helps in identifying the network to which the mobile phone belongs.

Phone Services

Various telecommunications services provided by carriers, including voice calls, text messaging, and internet access, through mobile or landline phones.

Radio-Based Wireless Technology

Communication technologies that rely on the transmission of data through radio waves over the air, such as Wi-Fi and cellular networks.