How does the IACM address unfavorable events related to obstacles?
A . By focusing on opportunities
B . By decreasing the ultimate likelihood and impact of harm
C . By implementing a flat organizational structure
D . By conducting regular employee satisfaction surveys
Answer: B
Explanation:
The Integrated Actions and Controls Model (IACM) addresses obstacles by reducing the likelihood and impact of harm through effective actions and controls.
Risk Mitigation:
Identify potential obstacles and implement measures to decrease their probability.
Minimize the negative impact of these events if they occur.
Examples:
Strengthening internal controls to prevent fraud.
Enhancing cybersecurity measures to reduce data breach risks.
Why Other Options Are Incorrect:
A: Opportunities relate to positive outcomes, not obstacles.
C: Organizational structure is unrelated to addressing obstacles.
D: Employee satisfaction surveys are not directly tied to managing obstacles.
Reference: OCEG IACM Framework: Highlights reducing harm as a critical approach to handling obstacles.
ISO 31000 (Risk Management): Supports mitigating likelihood and impact of risks.
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