Question

The ERM framework is comprised of eight components. Which component includes the policies and procedures established and implemented to help ensure the risk responses are effectively carried out?

A)control activities
B)event identification
C)risk assessment
D)risk response

Answer 1

The ERM framework component that includes policies and procedures to ensure effective risk responses is control activities.

Step-by-step explanation:

The ERM framework is comprised of eight components, and the component that includes the policies and procedures established and implemented to help ensure the risk responses are effectively carried out is control activities. Control activities are the specific actions taken by an organization to address and mitigate risk, including the development and enforcement of policies, procedures, and guidelines. These activities are designed to ensure that risk responses are executed properly and consistently across the organization.