​Which of the Following Is True of Enterprise Risk Management

question 63

Multiple Choice

​Which of the following is true of enterprise risk management (ERM) ?

• A) ​Enterprise risk management helps an organization make better decisions in uncertain business environments.
• B) ​Only small organizations with sales revenue of $1 million or less engage in some type of ERM.
• C) ​Most organizations in the world already have perfect ERM systems.
• D) ​The most important reason for using enterprise risk management is to ensure complete elimination of all risks that an organization may face.

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Definitions:

Yoke Seal Race

A sealing surface within a yoke mechanism, where a seal runs to prevent fluid or lubricant leakage.

Crocus Cloth

A fine-grained abrasive cloth used for polishing metal surfaces to a smooth finish, often employed in metalworking and finishing tasks.

Bolt Holes

Pre-drilled openings in a surface or object designed to accommodate bolts for assembly and securing parts together.