A business function is a high$-$level business area or department that performs business processes to achieve

company goals.

profit.

accounting goals.

revenue.

Question $11$

Choose from the following the best description of enterprise risk management $($ERM$).$

A narrow process of identifying, categorizing, prioritizing, and ignoring a company's risk

A comprehensive process of identifying, categorizing, prioritizing, and responding to a company's risk

A comprehensive process of listing, prioritizing, and responding to a company's risk

A narrow process of identifying, grouping, prioritizing, and ignoring a company's risk