Which of the Following Statements Regarding Enterprise Risk Management (ERM)

question 57

Multiple Choice

Which of the following statements regarding Enterprise Risk Management (ERM) is not true?

• A) ERM is broader than COSO's internal control framework.
• B) ERM provides a logical and orderly way for management to identify, analyze, and manage all of the company's risks.
• C) ERM focuses on objectives in the categories of planning, assessment, analysis, and compliance.
• D) A good ERM system provides confidence that the company's actions taken to achieve business objectives will fit within acceptable parameters of risk.

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Definitions:

Fuel Consumption

The quantity of fuel used by a vehicle, engine, or system over a given distance or time period.

Social-Responsibility Norm

A societal rule that tells people they should help others who need assistance even if doing so is costly.

Subway Tracks

The rails upon which subway trains run, typically located underground in urban areas to provide mass transportation.

Social-Responsibility Norm

is a societal rule that people should help those who need assistance, based on the expectation that helping others is the right thing to do.