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Which ERM Objective Relates to the Effective and Efficient Use

question 61

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Which ERM objective relates to the effective and efficient use of a corporation's resources?


Definitions:

Financial Overhaul

Comprehensive restructuring of the financial regulations and systems to improve their efficiency and stability.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes.

Business Objectives

The specific and measurable goals an organization aims to achieve in order to ensure growth and success.

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