SpeedyTime Delivery Service is managing risk by requiring all drivers to wear seat belts and hold a commercial driver's license, by monitoring any moving violations each driver obtains, and by keeping that information in the employee records. Additionally, SpeedyTime carries an insurance policy with a very large deductible, preferring to pay for small damages to its trucks out-of-pocket. SpeedyTime has built enterprise risk management into their organization.

Question

Quizplus · Accepted Answer

Enterprise risk management usually has a few well-defined goals, such as (1) defining which risks the program will manage; (2) what risk management processes, technologies, and investments will be required; and (3) how these efforts will be coordinated across the firm.

SpeedyTime Delivery Service Is Managing Risk by Requiring All Drivers