Enterprise Risk Management is typically described as having the following characteristics, except: A) a top-down corporate focus B) a broad scope of loss exposures C) a portfolio perspective D) a loose approach to risk identification, assessment, and treatment

Question

Quizplus · Accepted Answer

Enterprise Risk Management typically involves a systematic and structured approach to identifying, assessing, and treating risks. It is not loose in its approach, but rather comprehensive and robust. Therefore, option D is the exception to the characteristics of ERM.

Enterprise Risk Management Is Typically Described as Having the Following