Which of the following statements is FALSE with regard to the Enterprise Risk Management (ERM) framework?
A) The ERM is primarily focused on the risk aversion of management.
B) The ERM discusses the relationship between risk and strategy-setting.
C) The ERM is an ongoing process that permeates the entire company.
D) The ERM affects strategy-setting through risk identification.

Question

Quizplus · Accepted Answer

The ERM framework is not solely focused on risk aversion, but rather on identifying and managing risks in order to achieve strategic objectives.

Which of the Following Statements Is FALSE with Regard to the Enterprise