Which of the following statements is true concerning the recent financial crisis and enterprise risk management?
A)Because of enterprise risk management,no U.S.financial firms experienced losses.
B)Enterprise risk management had no influence on U.S.financial firms because they did not use enterprise risk management.
C)Some U.S.financial firms experienced losses in spite of having an enterprise risk management program.
D)Because of enterprise risk management,any losses U.S.financial firms experienced were reimbursed by the U.S.government.

Question

Quizplus · Accepted Answer

Despite having an enterprise risk management program, some U.S. financial firms still experienced losses during the recent financial crisis. This indicates that while enterprise risk management is important, it does not guarantee immunity from financial risks and losses.

Which of the Following Statements Is True Concerning the Recent