
Enterprise Risk Management
Authored by NURZIYA MUZZAWER
Business
12th Grade
Used 2+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does an ERM Framework provide?
A limited approach to risk
A reactive risk management system
A comprehensive view of risk
A narrow view of risk
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the key aim of an effective ERM Framework?
To increase operational costs
To eliminate all risks
To achieve the right balance between risk and reward
To focus solely on compliance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is NOT a characteristic of ERM?
It promotes strategic decision making
It is a ready-made methodology
It is a concept
It provides higher effectiveness
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is ERM important for organizations?
It focuses only on past events
It supports value creation
It discourages management decisions
It helps in avoiding all risks
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first component of the COSO Framework?
Risk assessment
Objective setting
Event identification
Internal control environment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does event identification involve?
Only external events
Only internal events
Ignoring events altogether
Both internal and external events
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of risk assessment?
To ignore risks
To create more risks
To eliminate all risks
To analyze risks considering likelihood and impact
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
18 questions
Tally Prime 1
Quiz
•
12th Grade - Professi...
15 questions
The role of Marketing
Quiz
•
12th Grade
15 questions
Business Finance Reviewer
Quiz
•
12th Grade
18 questions
Inflation
Quiz
•
11th - 12th Grade
20 questions
Applied Economics Quiz
Quiz
•
12th Grade
20 questions
QUIZ 1 : TOPIC 8 [PROCESS COSTING]
Quiz
•
1st Grade - University
15 questions
Unit 3 LOF
Quiz
•
12th Grade
20 questions
3.1 Sources of Finance
Quiz
•
11th - 12th Grade
Popular Resources on Wayground
7 questions
History of Valentine's Day
Interactive video
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
fractions
Quiz
•
3rd Grade
15 questions
Valentine's Day Trivia
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Business
13 questions
BizInnovator Startup - Experience and Overview
Quiz
•
9th - 12th Grade
10 questions
Understanding Stock Market Investing
Interactive video
•
9th - 12th Grade
12 questions
Time Management Lesson
Lesson
•
1st - 12th Grade
20 questions
Review for Business Essentials 2.05
Quiz
•
9th - 12th Grade