Question

The ERM framework addresses four categories of management objectives. Which category addresses the effective and efficient use of resources?

a. compliance
b. operations
c. reporting
d. strategic

Answer 1

The ERM framework category that addresses the effective and efficient use of resources is 'operations'. It ensures that resources are managed effectively for the business's activities.

Step-by-step explanation:

The ERM framework, which stands for Enterprise Risk Management framework, outlines different categories to help organizations manage and assess their risks. The category that addresses the effective and efficient use of resources is operations. The operations objective focuses on the basic functioning of the organization, ensuring that resources are managed effectively to carry out the business's activities.