Which one of the following is true regarding enterprise-wide risk management (ERM)?

Insurance

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Which one of the following is true regarding enterprise-wide risk management (ERM)?

Options

A. ERM is an approach to risk management that focuses primarily on loss exposures associated with pure risk.

B. In practice, implementation of ERM occurs at the departmental or business unit level.

C. Implementation of ERM is fairly consistent among organizations, regardless of their size, nature, or complexity.

D. ERM is an approach to managing all of an organization’s key risks and opportunities.

Answer: D

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