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Which of the following is not one of the 2004 ERM framework components? Select one: a....

Which of the following is not one of the 2004 ERM framework components?

Select one:

a. Monitoring ERM Performance

b. Objective Setting

c. Risk Response

d. Internal Environment

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Answer #1

Ans:

a. Monitoring ERM performance.

Objective setting, risk response and internal envirinment are the major components associated with ERM.

ERM stands for enterprise risk management. It referse to the all the methods and process used by magers to identify or explore the opportunity there by achieve the organisational objectives.There are mainly 8 components in ERM, Risk assessment, event identification are the some of the other components in ERM.

  

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