OC1 - Module 4 - Enterprise-Wide Risk Management

oc1-module-4-enterprise-wide-risk-management

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Question 1 of 1

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4-Traditional risk management is concerned with

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4-The chief risk officer helps the enterprise create a risk culture in which individual department heads and project managers are identified as

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132271

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4-ERM optimizes risk taking in relation to strategic goals. ERM also considers the risk that the organization will outperform its strategic goals, which is referred to as

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132272

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4-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

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4-Enterprise-wide risk management (ERM) considers a global array of risks affecting an organization, which can be represented in the exposure spaces model. Which one of the following describes the three attributes depicted by this model?

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4-Enterprise-wide risk management (ERM) considers the global array of risks that affect an organization, which can be represented by a three-dimensional depiction of attributes. These attributes are resources, events, and

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132275

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4-Which one of the following statements is true regarding traditional risk management (RM) verses enterprise-wide risk management (ERM)?

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4-Insurer A introduced a new insurance product into the market that results in attracting youthful drivers. As a result of teen drivers purchasing Insurer A's policies, the insurer outperformed its strategic goals. This is an example of

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132277

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4-The enterprise risk manager, who is often called a chief risk officer, typically reports to the organization's

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4-While identifying risks to strategy using the enterprise-wide risk management process, an organization might ask the question, "What if an event occurs that decreases the product yield for one of our major competitors"? Assuming the likelihood of the event is high, which one of the following techniques for treating risks to strategy would be the most appropriate to treat this risk?

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4-Sarah is a risk professional involved in her organization's enterprise-wide risk management (ERM) program. She is currently involved in a study to determine the impact on consumer demand resulting from the organization's effect on the environment. Sarah is involved in which one of the following steps of the ERM process?

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4-At a minimum, in the enterprise-wide risk management (ERM) process, an organization should identify how many of its top risks for consideration of their likelihood, to target them for treatment and monitoring?

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4-Risk professional Alex has assigned a high likelihood to the risk that a competitor will cut prices in the market in which his organization operates. In analyzing this potential risk, Alex decides that if this threat materializes, his organization's strategy will be to launch a marketing campaign that emphasizes his firm's superior product features. This is an example of which one of the following techniques for treating risks to strategy?

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4-Halbinger Insurance Company (HIC) is a regional provider of homeowners insurance products. The management team at HIC has identified the risk that a competitor could emerge in the market offering a similar product at reduced rates. To deal with this threat, the team has developed plans to launch a marketing campaign that would highlight the superior coverage and service features that the HIC product offers in the event that the competitor does emerge. The technique HIC is using to treat this risk to strategy falls into which one of the following categories?

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132283

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OC1 - Module 4 - Enterprise-Wide Risk Management

Question 1 of 1

Time Left

4-Traditional risk management is concerned with

Select the correct answer(s).

(0/0)

4-The chief risk officer helps the enterprise create a risk culture in which individual department heads and project managers are identified as

Select the correct answer(s).

(0/0)

4-ERM optimizes risk taking in relation to strategic goals. ERM also considers the risk that the organization will outperform its strategic goals, which is referred to as

Select the correct answer(s).

(0/0)

4-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

Select the correct answer(s).

(0/0)

4-Enterprise-wide risk management (ERM) considers a global array of risks affecting an organization, which can be represented in the exposure spaces model. Which one of the following describes the three attributes depicted by this model?

Select the correct answer(s).

(0/0)

4-Enterprise-wide risk management (ERM) considers the global array of risks that affect an organization, which can be represented by a three-dimensional depiction of attributes. These attributes are resources, events, and

Select the correct answer(s).

(0/0)

4-Which one of the following statements is true regarding traditional risk management (RM) verses enterprise-wide risk management (ERM)?

Select the correct answer(s).

(0/0)

4-Insurer A introduced a new insurance product into the market that results in attracting youthful drivers. As a result of teen drivers purchasing Insurer A's policies, the insurer outperformed its strategic goals. This is an example of

Select the correct answer(s).

(0/0)

4-The enterprise risk manager, who is often called a chief risk officer, typically reports to the organization's

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

4-At a minimum, in the enterprise-wide risk management (ERM) process, an organization should identify how many of its top risks for consideration of their likelihood, to target them for treatment and monitoring?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

4-The first step in integrating enterprise-wide risk management (ERM) with strategic planning is to

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