Briefly discuss the concept of enterprise risk management (ENRM). (4) Q.1.2 With the aid of examples, differentiate between these two risk control parameters used to measure performance or the effectiveness of risk control. (6) Q.1.3 In your own words, discuss how policy-based decisions can reduce risk within an organisation. Justify your answer with a relevant Act. (5) Q.1.4 Critically argue the effectiveness of usefulness of probability distributions and identify the three theoretical distributions used in enterprise risk management

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