Which of the following concepts are fundamental to the Enterprise Risk Management (ERM) framework?
A) The ERM framework is a process applied across the enterprise
B) The ERM framework is effected by people to allow the organization to achieve its objectives.
C) The ERM framework is applied in strategy setting to identify events and manage risk within the organization's risk appetite.
D) All of the above are concepts fundamental to the ERM framework.

Question

Quizplus · Accepted Answer

All of the given concepts are fundamental to the Enterprise Risk Management (ERM) framework. The ERM framework is a process applied across the enterprise by people to allow the organization to achieve its objectives. It is applied in strategy setting to identify events and manage risk within the organization's risk appetite. Therefore, option D is the correct answer.

Which of the Following Concepts Are Fundamental to the Enterprise