Which of the following statements about ERM is true?
An organization's ERM process needs to follow a specific form
ERM processes are often cost prohibitive
The existence of a 'Chief Risk Officer (CRO) or risk manager' indicates an organization has a robust ERM process
There are limited tangible benefits to ERM, and as such, the cost/benefit to implementing it throughout an organization is minimal
An organization can execute its strategy effectively and perform successfully over the long term without having a sound ERM process
ERM is an annual process which requires little follow-up
None of the above