The ERM framework addresses four categories of management objectives. Which category concerns high-level goals, aligned with and supporting its mission?
A) compliance
B) operations
C) reporting
D) strategic

Question

Quizplus · Accepted Answer

The strategic category concerns high-level goals that are aligned with and supporting the organization's mission. This category addresses how risks are managed to achieve the organization's strategic objectives. The compliance category focuses on complying with laws, regulations, and policies; the operations category focuses on efficient and effective use of resources to achieve operational objectives; and the reporting category is concerned with reliable and timely reporting of information.

The ERM Framework Addresses Four Categories of Management Objectives