Final answer:
In the ERM model, operations objectives are responsible for improving the effectiveness and efficiency of company operations, which includes meeting performance and profitability goals (b).
Step-by-step explanation:
According to the Enterprise Risk Management (ERM) model, operations objectives help to deal with the effectiveness and efficiency of company operations, such as performance and profitability goals. Operations objectives are a core component of the ERM framework, focusing on the internal functions of an organization with an aim to ensure that businesses operate effectively and efficiently, thereby enhancing performance and achieving profitability targets.
ERM is a structured and disciplined approach that aligns strategy, processes, people, technology, and knowledge with the purpose of evaluating and managing the uncertainties the enterprise faces as it creates value. In ERM, operations objectives specifically focus on the effectiveness and efficiency of the organization's operational processes, including the use of resources to optimize performance and reach financial goals.