All of the following are benefits that may accrue to businesses that adopt an enterprise risk management (ERM)program EXCEPT
A)improved strategic decision making.
B)increased value of the organization.
C)increased cost of risk.
D)assurance of compliance with regulatory and legal requirements.

Question

Quizplus · Accepted Answer

Increased cost of risk is not a benefit of adopting an enterprise risk management program. ERM programs aim to reduce the overall cost of risk to the business by identifying and managing risks in a coordinated and proactive manner. The other options, improved strategic decision making, increased value of the organization, and assurance of compliance with regulatory and legal requirements, are all potential benefits of ERM programs.

All of the Following Are Benefits That May Accrue to Businesses