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A financial services company has implemented the use of a cloud-based centralized customer relationship management (CRM) system. The company has decided to go multi-national. Which of the following should be the enterprise risk management (ERM) committee's PRIMARY consideration?
Suggested Answer: B
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37 comments · newest first
EN
Ena
10 months ago
Wait, are we not worried about security first? That's wild!
ID
Idella
11 months ago
ROI seems important, but is it really the primary concern?
TE
Tegan
11 months ago
Compliance issues are crucial when going multinational.
MA
Marva
11 months ago
I think vendor capability should come first.
LA
Lacey
11 months ago
Security issues are definitely a top priority!
BE
Bev
12 months ago
ROI seems important, but I wonder if compliance issues might actually take precedence given the risks involved with operating in multiple jurisdictions.
AL
Alesia
12 months ago
I feel like vendor capability could be crucial too, but I guess it depends on how well the vendor can support international operations.
DE
Desmond
12 months ago
I’m not entirely sure, but I think security issues might be the primary concern since customer data is sensitive, especially in finance.
LE
Leah
1 year ago
I remember we discussed the importance of compliance issues in a global context, especially with different regulations in each country.
LE
Leonida
1 year ago
This seems like a classic risk management scenario. The key is to identify the most critical factors the ERM committee needs to focus on. I'd say security and compliance are the two biggest areas they'll need to evaluate thoroughly. Making sure the vendor can handle the international expansion is important too. But those security and regulatory issues have to be the top priorities.
AV
Avery
1 year ago
Okay, for this type of question, I'd really zero in on the core responsibilities of the ERM committee. Their primary job is to identify and manage enterprise-level risks. So I'd say the top priority here is assessing the security implications of moving to a cloud-based system across multiple countries. That's gotta be the biggest concern.
CA
Catherin
1 year ago
Hmm, this is a tough one. I'm not totally sure how to approach it. I guess I'd try to think about the biggest risks the company might face with this transition to a cloud-based, multinational CRM system. Security and compliance seem like the most important factors to consider.
FE
Fernanda
1 year ago
This seems like a pretty straightforward question. I'd focus on the key considerations for the ERM committee - security, vendor capability, ROI, and compliance. Gotta make sure the CRM system can handle the expansion to multiple countries.
JA
Jacqueline
1 year ago
Okay, let's see here. I know Oozie is a workflow scheduler for Hadoop, so the options like Java API and REST API make sense. I'm pretty confident the correct answers are B and D.
JU
Junita
1 year ago
Security issues, vendor capability, compliance issues... and the ERM committee is still debating? They must be cloud-gazing instead of focusing on the real risks.
GR
Gregoria
1 year ago
User 3
IZ
Izetta
1 year ago
User 2
JU
Julene
1 year ago
User 1
JO
Johnson
1 year ago
Compliance issues, for sure. Gotta make sure the CRM system meets all the legal requirements in each country. Otherwise, it's a lawsuit waiting to happen.
ST
Stevie
1 year ago
User 3: Security issues should also be a top priority to protect customer data.
ED
Edelmira
1 year ago
User 2: Agreed, we can't afford any legal troubles.
LE
Leana
1 year ago
User 1: Definitely, compliance issues are crucial when expanding internationally.
KE
Keva
1 year ago
ROI? Really? I'd rather have a secure and compliant system than worry about the return on investment. The company's reputation is at stake here.
BE
Bernadine
1 year ago
C) Return on investment (ROI)
MI
Micah
1 year ago
D) Compliance issues
TR
Tran
1 year ago
A) Security issues
MI
Mitsue
1 year ago
Vendor capability is key. You need a cloud provider that can handle the global scale and comply with all the different regulations.
VE
Verda
1 year ago
D: Absolutely, we need to ensure we are following all laws and regulations to avoid any penalties.
MA
Malcom
1 year ago
C: Compliance issues are crucial too, we have to adhere to different regulations in each country.
ST
Stacey
1 year ago
B: I agree, we need to make sure our data is protected in all regions.
CA
Carman
1 year ago
A: Security issues should also be a top priority when expanding internationally.
MA
Mariann
1 year ago
Security issues? That's a no-brainer! With all the data breaches these days, it's gotta be the top priority for the ERM committee.
ME
Meghann
1 year ago
A) Security issues
DE
Deandrea
1 year ago
A) Security issues
PA
Paul
2 years ago
But what about compliance issues? Don't they play a big role in different countries?
CA
Catalina
2 years ago
I agree with Beckie. Security is crucial when going multi-national.
BE
Beckie
2 years ago
I think the ERM committee should consider security issues first.