A city manager asks what "corporate" risk management means for a public agency that is not a stock company. Which answer is correct?
Select an answer to reveal the explanation.
Short Explanation
"Corporate" here is less about stock tickers and more about running an organized shop. Cities, nonprofits, and companies all face threats to their goals, so the same identify-evaluate-treat playbook still fits. Being a public agency does not put you on the sidelines.
Full Explanation
In this certification framing, corporate risk management refers to structured organizational practice — identification, evaluation, control, and continuity — not to equity ownership. Public agencies face operational and strategic threats that those methods address, regardless of stock-company status. Restricting the toolkit to manufacturers, listed firms, or insurance checklists alone misreads applicability.