ERM Contains Eight Components

question 8

Multiple Choice

ERM contains eight components.Which one of the following is not a component of ERM?

• A) Internal environment
• B) Risk assessment
• C) Risk response
• D) Risk elimination

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Definitions:

Talker's Ability

The skill or proficiency of an individual in conveying information, emotions, or ideas through speech.

Parliamentary Procedure

A set of rules for conduct at meetings, intended to ensure smooth proceedings through orderly and efficient processes.

Formal Committees

Organized groups of people with specific roles, responsibilities, and purposes within an institution or organization, often structured to make decisions or provide advice.

Boards of Directors

Groups of elected or appointed members who jointly oversee the activities of a company or organization.