1. Which of the following best describes the primary objective of risk identification in
the ERM process?

Question

1. Which of the following best describes the primary objective of risk identification in the ERM process?

Answer

D) To ensure compliance with regulatory requirements only

Answer

B) To systematically discover, categorize, and describe risks that may impact organizational objectives

Answer

A) To eliminate all risks before they occur

Answer

C) To assign financial values to all identified risks

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