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:

Shifting Values

Refers to altering the numerical or categorical data points in a dataset, leading to changes in analysis outcomes.

σ

The symbol for standard deviation, a measure of the amount of variation or dispersion of a set of values.

Normal Distribution

A symmetric probability distribution centered on the mean, demonstrating that occurrences near the mean happen more often than those far from it.

Maximum Oxygen Uptake

The maximum rate at which an individual can consume oxygen during intense or maximal exercise, indicating cardiorespiratory fitness.