Enterprise Risk Management (ERM) involving corporate governance,… Enterprise Risk Management (ERM) involving corporate governance, risk analysis, and portfolio management, means that, respectively:Group of answer choices1.The organization must be managed properly, management must assess risks, and the organization must create a wealth-maximizing portfolio of investments.2.Management must assess risks, the organization must be managed properly, and the organization must create a wealth-maximizing portfolio of investments.3.The organization must be managed properly, the organization must create a wealth-maximizing portfolio of investments, and management must assess risks.4.The organization must create a wealth-maximizing portfolio of investments, management must assess risks, and the organization must be managed properly.AccountingBusinessManagerial AccountingACC 4310
