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:

Average Class Size

A statistical measure indicating the mean number of students per class in an educational institution, used as an indicator of learning environment quality.

Organizational Objectives

Specific, measurable goals set by an organization aiming to guide its operations and strategic direction.

Collective Action

The effort and action taken together by a group of people to achieve a common objective or to solve a problem collectively.

Changing Environment

A changing environment refers to the dynamic and evolving nature of surroundings or conditions, especially those affecting organizations and necessitating adaptability and flexibility.