Enterprise risk management is limited to the management of pure risk.

Name: Enterprise risk management is limited to the management of pure risk.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Enterprise risk management (ERM) encompasses the management of all types of risks, including pure risks (those that involve only the possibility of loss) and speculative risks (those that involve the possibility of loss or gain), not just pure risks. It aims to manage the full spectrum of risks facing an organization in a holistic manner.

Enterprise Risk Management Is Limited to the Management of Pure