Enterprise Risk Management

3. ________ critical business functions and the supporting infrastructure must be designed in such a way that they are materially unaffected by relevant disruptions, for example through the use of redundancy (repetition) and spare capacity (inventory).

10. 10. The ___________ is a cabinet department of the United States Government who design is to develop multi-department communication and actions initiatives for crisis intervention and disaster recovery at a national level.

__11. __ for risk management purposes, is the myopic or contained view of managing a single risk entity and is normally contrary to Enterprise Risk Management.

12. 1. ____
is when a firm maintains and manages its own risk this may include self-insuring. For example a company may weigh the cost of a service provider and decide to retain that risk.

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