What Should an ERM Manager (Or an ERM Committee)be Responsible

question 28

Multiple Choice

What should an ERM manager (or an ERM committee) be responsible for?

• A) defining what constitutes an electronic transaction
• B) classifying specific records based upon their importance, regulatory requirements, and duration.
• C) formulating and managing SOX compliance
• D) all of the above

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Definitions:

Denying Responsibility

The act of refusing to accept blame or accountability for one's actions or decisions, often deflecting onto others.

Resisting Change

The opposition or reluctance to alter existing conditions or practices.

Socioeconomic Model

A framework that explores the social and economic factors that influence individual or community behavior and outcomes.

Classical Economic

Pertains to the original economic theories and principles laid out by economists such as Adam Smith, focusing on market dynamics and efficiency.