Which ERM Category Relates to the Effective and Efficient Use

question 33

Multiple Choice

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

• A)Operational objective
• B)Compliance objective
• C)Strategic objective
• D)Reporting objective

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Definitions:

Public Nuisance

An act or omission that significantly interferes with the public's rights, such as blocking public pathways or creating hazardous conditions.

Abatement

A reduction, decrease, or diminution, often related to the amount of a tax, debt, or other payment obligation.

Trespass to Land

An unauthorized entry onto land which is owned or legally occupied by another.

Actual Harm

Damage or injury that is real and substantial, as opposed to theoretical or speculative.