Question

A process by which organizations select objectives, establish processes to achieve objectives, and monitor performance is:

a. enterprise risk management
b. internal control
c. organizational governance
d. risk assessment

Answer 1

Organizational governance is the process by which organizations select objectives, establish processes to achieve objectives, and monitor performance.

Step-by-step explanation:

Organizational governance is the process by which organizations select objectives, establish processes to achieve objectives, and monitor performance. It involves setting goals, defining strategies, allocating resources, and evaluating outcomes to ensure the organization's success.

An example of organizational governance is a company's board of directors setting long-term goals and developing a strategic plan to achieve those goals. They establish policies and procedures, monitor progress, and hold management accountable for performance.

Other factors related to organizational governance include ethical standards, transparency, accountability, and risk management.