A comprehensive risk management program that addresses an organization's pure risks, speculative risks, strategic risks, and operational risks is called a(n)
A) risk management information system.
B) financial risk management plan.
C) speculative risk management plan.
D) enterprise risk management plan.

Question

Quizplus · Accepted Answer

An enterprise risk management plan is a comprehensive approach to managing all types of risks that an organization faces including pure risks, speculative risks, strategic risks, and operational risks. It involves identifying, assessing, and prioritizing risks, and implementing strategies to mitigate or manage those risks. An enterprise risk management plan is a proactive approach to risk management that helps organizations to avoid or minimize potential losses and disruptions to their operations.

A Comprehensive Risk Management Program That Addresses an Organization's Pure