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Assignment 4 - Enterprise Risk Management Exam Question Contain 100% Verified Ans 2025

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Traditional risk management focuses on preventing or reducing potential losses and on compensation for losses that do occur. True or false? - Ans-True All of the following statements about the distinction between traditional risk management and ERM are true, EXCEPT - Ans-ERM is normally involved only in the elements of an organization's strategy that deal with pure risk and hazard risks, while traditional risk management is integrated with the entire organization's strategy One of the differences between traditional risk management (RM) and enterprise-wide risk management (ERM) is in the organizational structure. The chief risk officer in an ERM structure typically reports to the - Ans-.....

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