5 Questions
Which of the following best describes enterprise risk management (ERM) in business?
A framework for managing risks and seizing opportunities in organizations
What does ERM typically involve?
Identifying events or circumstances relevant to objectives, assessing them, determining a response strategy, and monitoring the process
How does ERM help business enterprises?
By protecting and creating value for stakeholders
What does ERM integrate in its risk-based approach?
Concepts of internal control, the Sarbanes–Oxley Act, data protection, and strategic planning
How is ERM evolving to meet stakeholder needs?
By addressing the broad spectrum of risks and opportunities
Test your knowledge of Enterprise Risk Management (ERM) with this quiz! Explore the methods and processes used by organizations to manage risks and seize opportunities. Assess your understanding of ERM frameworks, risk identification, and assessment techniques. Challenge yourself to become a master of risk management in business!
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