Which of the following statements is true regarding the use of risk frameworks?

Risk frameworks provide structured principles and processes for identifying, assessing, responding to, monitoring, and communicating risks in relation to organizational objectives. Effective frameworks are adaptable and can be applied at enterprise, strategic, operational, project, and process levels. They are therefore not limited to strategic risks as stated in option A. Although the board provides oversight and senior management implements risk management, frameworks are not simply mechanisms for creating consensus between those groups. They also do not require automated implementation; organizations can apply risk frameworks through manual, technology-enabled, or combined processes. Their principal value is the ability to provide a consistent approach that connects objectives with the uncertainties and risks that could affect their achievement across organizational levels. Consequently, flexibility in linking objectives and related risks is the correct characteristic.