Katelyn was just named Risk Manager of ABC Company.She has decided to create a risk management program which considers all of the risks faced by ABC-pure,speculative,operational,and strategic-in a single risk management program.Such a program is called a(n)
A)financial risk management program.
B)enterprise risk management program.
C)fundamental risk management program.
D)consequential risk management program.

Question

Quizplus · Accepted Answer

An enterprise risk management program considers all categories of risk faced by an organization, including pure, speculative, operational, and strategic risks, in a single comprehensive program. Financial risk management, fundamental risk management, and consequential risk management programs do not necessarily encompass all types of risks faced by an organization.

Katelyn Was Just Named Risk Manager of ABC Company