Enterprise risk management (ERM) programs differ from traditional risk management programs in all of the following ways EXCEPT

Group of answer choices

ERM views risk from a portfolio perspective rather than viewing risks in isolation.

ERM encompasses all exposures to risk rather than property, liability, and personnel-related risks only.

ERM evaluates risks relative to the internal environment only rather than considering both the internal and external environment.

ERM embeds risk management throughout the organization rather than limiting risk management to a few areas of the business.