While considering entity-based risks, which dimension of the COSO ERM framework is being referred? 

Answer options:

A. Organizational levels
B. Risk components
C. Strategic objectives
D. Risk objectives

A

The organizational levels of the COSO ERM framework describe the subsidiary, business unit, division, and entity-levels of aspects of risk solutions. Incorrect Answers: B: Risk components includes Internal Environment, Objectives settings, Event identification, Risk assessment, Risk response, Control activities, Information and communication, and monitoring. C: Strategic objectives includes strategic, operational, reporting, and compliance risks; and not entity-based risks. D: This is not a valid answer.