Enterprise Risk Management (ERM) involving corporate governance, risk analysis, and portfolio management, means that, respectively:

Group of answer choices

1.The organization must be managed properly, management must assess risks, and the organization must create a wealthmaximizing portfolio of investments.

2.Management must assess risks, the organization must be managed properly, and the organization must create a wealthmaximizing portfolio of investments.

3.The organization must be managed properly, the organization must create a wealthmaximizing portfolio of investments, and management must assess risks.

4.The organization must create a wealthmaximizing portfolio of investments, management must assess risks, and the organization must be managed properly.