A comprehensive risk management program that addresses all of an organization's risks,includes hazard risks,financial risks,strategic risks,and operational risks is called a(n)
A)traditional risk management plan.
B)pure risk management plan.
C)speculative risk management plan.
D)enterprise risk management plan.

Question

Quizplus · Accepted Answer

An enterprise risk management plan (ERMP) is a comprehensive risk management program that addresses all of an organization's risks, including hazard risks, financial risks, strategic risks, and operational risks. The ERMP takes a holistic approach to risk management, emphasizing that risks are interconnected and suggesting that by addressing risks in an integrated manner, organizations can manage their overall risk profile more effectively.

A Comprehensive Risk Management Program That Addresses All of an Organization's