Which of the Following Concepts Are Fundamental to the Enterprise

question 51

Multiple Choice

Which of the following concepts are fundamental to the Enterprise Risk Management (ERM) framework?

• A) The ERM framework is a process applied across the enterprise
• B) The ERM framework is effected by people to allow the organization to achieve its objectives.
• C) The ERM framework is applied in strategy setting to identify events and manage risk within the organization's risk appetite.
• D) All of the above are concepts fundamental to the ERM framework.

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Definitions:

Broaden-And-Build Model

A theory in positive psychology suggesting that positive emotions broaden one's awareness and encourage novel, varied, and exploratory thoughts and actions.

Drive Reduction Theory

A psychological theory that posits that motivation is rooted in the biological need to reduce internal drives, such as hunger or thirst, returning the organism to a state of homeostasis.

Circumplex Model

A model that describes human emotions as existing along two main dimensions: valence (positive to negative) and arousal (high to low).

Valence

In psychology, valence refers to the intrinsic attractiveness(good-ness) or averseness(bad-ness) of an event, object, or situation.