What are the key measurement criteria for the REVIEW component?
Correct Answer: C
Question 62
Why is it important for an organization to balance the needs of diverse stakeholders?
Correct Answer: C
Question 63
How do the four dimensions of Total Performance contribute to a comprehensive assessment of an organization's GRC capability?
Correct Answer: D
Question 64
How can integrity be conceptualized as a ratio?
Correct Answer: C
Question 65
What is the primary focus of management actions and controls in the IACM?
Correct Answer: B
The primary focus of management actions and controls in the Integrated Actions and Controls Model (IACM) is to directly address opportunities, obstacles, and obligations to support the achievement of objectives. Addressing Opportunities, Obstacles, and Obligations: Opportunities: Enable the organization to capitalize on favorable conditions. Obstacles: Mitigate risks or barriers to achieving objectives. Obligations: Ensure compliance with legal, regulatory, and ethical requirements. Why Other Options Are Incorrect: A: While overseeing employees is part of management, the broader focus is addressing strategic priorities. C: Cost minimization and profit maximization are financial goals, not the primary focus of IACM management actions. D: Adherence to regulations is important but falls under compliance-specific actions and controls. Reference: OCEG GRC Capability Model: Highlights the role of management in addressing strategic priorities. ISO 31000 (Risk Management): Discusses addressing opportunities and obstacles within risk management processes.