Question

A(n)______________________ aligns strategic goals, operations effectiveness, reporting, and compliance objectives. a. operational risk committee b. layered security approach c. enterprise risk management framework d. governance, risk management, and compliance framework

Answer 1

Answer:

Answer is c. enterprise risk management framework.

Refer below.

Explanation:

Enterprise risk management framework:

Enterprise risk management (ERM) in business incorporates the techniques and procedures utilized by associations to oversee risks and take advantage of lucky breaks identified with the accomplishment of their targets. ERM gives a framework to risk management, which regularly includes distinguishing specific occasions or conditions applicable to the association's destinations (risks and openings), surveying them in terms of probability and size of effect, determining a reaction system, and checking process.

Answer 2

Answer:

Option C. Enterprise risk management framework

Explanation:

The reason is that the enterprise risk management framework highlights the risks associated with the objectives of the business's different departments in the short and long term. This includes the financial risk, reporting & compliance risk, operation risks and strategic goals associated risks, etc.

These risk are managed using the risk management framework which helps in formulating strategies for managing different types of risks.

Hence the right option is option C.