Laurie and Milton are concerned about the risks created by inefficiency in the company's current fixed asset purchasing process.They could address their concern by developing: (i) an enterprise risk management plan, (ii) a business process management plan.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

An enterprise risk management plan helps identify, assess, and manage risks, including those related to inefficiencies in processes such as fixed asset purchasing. A business process management plan focuses on improving and optimizing business processes, which would directly address inefficiencies in the fixed asset purchasing process. Therefore, both plans could help Laurie and Milton address their concerns.

Laurie and Milton Are Concerned About the Risks Created by Inefficiency