Enterprise Risk Management (ERM) Bundled Exams with complete solution

Personal Financial Planning Pyramid - Answer-bottom to top: 1.Risk mgmt protection (life/health insurance), 2.Wealth accumulation (savings & accumulation, growth & diversification, speculation investments) 3. Wealth distribution Traditional Risk Management Process (TRM) of an Organization - Answe...

Personal Financial Planning Pyramid - bottom to top: 1.Risk mgmt protection (life/health insurance), 2.Wealth accumulation (savings & accumulation, growth & diversification, speculation investments) 3. Wealth distribution Traditional Risk Management Process (TRM) of an Organization - 1. Identify ...

What is risk? - Answer-Risk is the possibility that events will occur AND affect the achievement of strategy and business objectives What is the underlying premise of ERM? - Answer-Every entity exists to provide value for stakeholders AND they face RISK in pursuit of value. Value CPER - Answer-C...

enterprise risk management defintion - A process used by the board of direct management and personnel across all aspects of operation designed to identify potential events and management risks within the business appetite ERM - A. Doesn't look at lost, it looks at business opportunity B. unique...

There are tangible and intangible aspects of an entity's culture that might provide insights about how that culture might impact risk management. Which of the following represent one of the intangible aspect? a) all employees must complete a conflict of interest assessment each year b) all new ...

Enterprise Risk Management (ERM) - includes methods and processes used by organizations to manage risks and seize opportunities related to the achievement of objectives Risk Oversight - the board's supervision of the risk management framework and risk management process Risk Management - the re...

what is the goal of ERM? - to manage individual businesses within overall business portfolio what are the 4 benefits of active portfolio management? - 1. UNBUNDLING in terms of risk origination, retention, and transfer 2. RISK AGGREGATION across the whole company 3. setting RISK LIMITS & ASSET-A...

benefits of ERM in anticipating and responding to risks - Answer-1. anticipate and recognize emerging risks 2. identify and manage cross-enterprise risks 3. minimize threats to achieving organizational goals 4. enhance risk-response decisions different impediments to successful implementation o...