Internal Environment • Risk Management Philosophy • Risk Appetite Objective Setting • Objectives • Units of Measure Inventory of Opportunities|| Event Identification Inventory of Risks Risk Assessments Inherent Residual Risks Risks Risk Responses • Risk Responses • Portfolio Views Control Activities • Outputs • Indicators • Reports Monitoring 3 Information and Communication Flows Risk Tolerances

Discuss the five levels of managerial communications. How do managerial communication approaches compare? How is feedback incorporated?

In terms of communication, what are the proper procedures to follow?

Communication is the process by which information is transmitted and understood between two or more people. Nowadays, there are many communication channels that organizations employ. Discuss how an organization can choose the best communication channel by describing the expected properties of a best communication channel.