Match the ERM Component Name to the Appropriate Definition

question 30

Multiple Choice

Match the ERM component name to the appropriate definition.
-Objective setting

• 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:

Success Aspirations

The desire or ambition to achieve success, often characterized by setting and striving for personal or professional goals.

Deviant Values

Beliefs and attitudes that differ significantly from the societal norm, often leading to behavior considered unacceptable or abnormal.

Anomie-Strain Theory

A sociological theory suggesting that societal structures may pressure citizens to commit crimes by the strain or stress of achieving socially accepted goals via socially accepted means.

Sociological Research

Scientific studies aimed at understanding social phenomena, structures, and patterns within human societies.