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:

Business Writing

Professional writing aimed at facilitating business communications, including emails, reports, proposals, and memos.

Jargon

Specialized terminology associated with a particular field, profession, or group, often difficult for outsiders to understand.

Specific Audience

A particular group of people targeted by a message, campaign, or product, defined by characteristics such as age, gender, interests, or profession.

Insider Slang

Specialized language or jargon understood only by members within a specific group or community.