The ERM framework addresses four categories of management objectives. Which category addresses the effective and efficient use of resources?
A) compliance
B) operations
C) reporting
D) strategic

Question

Quizplus · Accepted Answer

The operations category of the ERM framework addresses the effective and efficient use of resources. This includes managing operations and projects to ensure they are efficient and effective, as well as managing technology, human capital, and physical resources. Compliance focuses on adhering to laws, regulations, and ethical standards, reporting addresses accurate and reliable reporting, and strategic focuses on setting and achieving strategic objectives.

The ERM Framework Addresses Four Categories of Management Objectives