Author Question: When announcing that an enterprise risk management program would be implemented at XYZ Company, the ... (Read 52 times)

brutforce · **on:** Jul 11, 2018

When announcing that an enterprise risk management program would be implemented at XYZ Company, the president of the company observed, We must overcome the silo mentality for the program to be successful.

The silo mentality refers to
A) over-emphasis on pure risks and ignoring speculative risks.
B) using too much of one risk treatment measure and ignoring other risk treatment methods.
C) focusing narrowly on one area and not viewing risk holistically.
D) everyone assuming someone else is responsible for managing a risk and no one taking leadership.

Question 2

The first step in the enterprise risk management process is

A) risk analysis.
B) implementing and monitoring the program.
C) risk identification.
D) selection of risk treatment measures.