Which of the Following Is TRUE Regarding the Enterprise Risk

question 12

Multiple Choice

Which of the following is TRUE regarding the Enterprise Risk Management (ERM) framework?

• A) The ERM framework replaces the COSO internal control framework.
• B) Proper identification of risk can help management properly allocate resources.
• C) The COSO requested the assistance of Ernst and Young for development of the ERM.
• D) All of the above are true statements regarding ERM.

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Definitions:

Horticulturist

A professional who practices horticulture, focusing on the art, science, technology, and business of plant cultivation.

Bermuda Grass

A drought-tolerant grass variety commonly used in lawns, sports fields, and golf courses for its dense, quick-recovering grass surface.

ANOVA

A statistical method (Analysis of Variance) used to compare the means of three or more samples to understand if at least one sample mean differs significantly from the others.

Fertilizer

Any organic or inorganic material of natural or synthetic origin that is added to soil to supply one or more plant nutrients essential to the growth of plants.