Which of the following statements is true concerning the successful adoption of an enterprise risk management program?
I.The management team must be committed to the success of the ERM program.
II.Communication about the ERM program is crucial during the implementation stage.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Both statements are true. The commitment of management is essential for the success of the ERM program as they set the tone at the top and provide the necessary resources. Effective communication during the implementation stage is also crucial to gain buy-in from stakeholders and ensure that the program's goals and objectives are well understood.

Which of the Following Statements Is True Concerning the Successful