Question

Which is not a limitation of Enterprise Risk Management (ERM)?

A. Errors, mistakes, or faulty judgment.
B. Absolute assurance of achievement of entity objectives.
C. Management override.
D. Control circumvention by collusion.
E. Cost verses benefit.

Answer 1

B. Absolute assurance of achievement of entity objectives.

Step-by-step explanation:

Enterprise risk management refers to managing risk for an enterprise. It is depends on the plan strategy for a business to identify and analyze the risk, dangers, hazards that could be in terms of physical or figurative also it interfers to the day to day operations and its objectives

Here, the second option represents the advantage of an enterprise risk management

Therefore the same is to be chosen

hence, the correct option is B.