Some companies are not mature in identifying risks that will prevent them from meeting their strategic objectives. What is not a way that ERM can help with achieving strategic objectives? a. Companies should make a list of all their risks and assign ownership to a department that can routinely monitor and manage them b. With proper internal controls, companies have reasonable assurance that risk management is working effectively, which provides a continuous basis for achieving objectives at all levels c. ERM can help companies achieve objectives by assigning priorities and resources that help achieve operational objectives, which push the strategy forward d. Once the ERM vision and the related goals and objectives are articulated, management can conduct a risk assessment to decide how to manage the risks to achieving the goals across all levels of the organization
Some companies are not mature in identifying risks that will prevent them from meeting their strategic objectives. What is not a way that ERM can help with achieving strategic objectives? a. Companies should make a list of all their risks and assign ownership to a department that can routinely monitor and manage them b. With proper internal controls, companies have reasonable assurance that risk management is working effectively, which provides a continuous basis for achieving objectives at all levels c. ERM can help companies achieve objectives by assigning priorities and resources that help achieve operational objectives, which push the strategy forward d. Once the ERM vision and the related goals and objectives are articulated, management can conduct a risk assessment to decide how to manage the risks to achieving the goals across all levels of the organization
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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10. Some companies are not mature in identifying risks that will prevent them from meeting their strategic objectives. What is not a way that ERM can help with achieving strategic objectives?
a. Companies should make a list of all their risks and assign ownership to a department that can routinely monitor and manage them
b. With proper internal controls, companies have reasonable assurance that risk management is working effectively, which provides a continuous basis for achieving objectives at all levels
c. ERM can help companies achieve objectives by assigning priorities and resources that help achieve operational objectives, which push the strategy forward
d. Once the ERM vision and the related goals and objectives are articulated, management can conduct a risk assessment to decide how to manage the risks to achieving the goals across all levels of the organization
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