Erm encourages organizations to consider risks that

ERM encourages organizations to consider risks that do not currently exist but may emerge
as a result of environmental change
One drawback of ERM is that it often cannot identify risks that affect multiple and often
diverse areas of an organization.
An ERM program can help organizations effectively respond to and reduce their cost of risk
by relying extensively on insurance.
ERM can effectively eliminate risk of loss through risk avoidance once a threat is identifies.
Select one:
Which one of the following statements best describes the effect of enterprise risk
management (ERM) in anticipating and responding to risks?
4 pts
Question 10
Which one of the following statements is correct with respect to a way in which
enterprise risk management (ERM) can improve business performance?
4 pts
Question 11

2/20/22, 12:42 AM Quiz: Midterm Assignment
In remodeling the primary office location, Phil, who is a partner in his family's
construction business, found asbestos in the attic of the building. He is concerned not
only about the current tear-out exposure but is also aware that asbestos may have
resulted in unidentified harm. In the "quadrants of risk," Phil's concern about the
asbestos most likely falls into which one of the following quadrants of risk?
6/23