Question

What are the 4 objectives of the ERM framework?

A) Reduce employee turnover
B) Increase shareholder dividends
C) Enhance strategic decision-making
D) Expand market share
E) All the Above

Answer 1

The 4 objectives of the ERM framework are to reduce employee turnover, enhance strategic decision-making, and expand market share. The correct answer is E) All of the above.

Step-by-step explanation:

The 4 objectives of the ERM (Enterprise Risk Management) framework are:

1. Reduce employee turnover: By identifying and mitigating risks that can contribute to high turnover rates, organizations can create a more stable and productive workforce.
2. Enhance strategic decision-making: ERM helps organizations make informed decisions by identifying and assessing risks that may affect their strategic goals.
3. Expand market share: By understanding and managing risks, organizations can seize opportunities and expand their market share.
4. All of the above: The correct answer is E) All of the above. These objectives encompass reducing turnover, enhancing decision-making, and expanding market share.