Answer both they are part of one question

42 a) One of the most important effects on a company as a result of using ERM is

Select one: a. the appointment of a Chief Risk Officer b. a team member appointed in each unit of the firm who focuses on reporting risks to his/her supervisor c. increased risks in every category of risk but well-reported to senior management d. de-centralization of risk functions

42 b)A definition by Lam of an enterprise risk management system would

Select one: a. not include maximizing the firm's market price per share b. include managing seven key risks c. focus on the silo approach to risk management across the company d. avoid focusing on the firm's business objectives