Which of the Following Is Not a Major Components of an Organization's

question 44

Multiple Choice

Which of the following is not a major components of an organization's internal controls?

• A)Risk assessment.
• B)Control environment.
• C)Control activities.
• D)Control risk.

Understand the concepts and strategies behind various pricing methods.

Recognize the impact of digital tools and market conditions on pricing decisions.

Describe the regulatory and ethical considerations in pricing.

Identify the tactics used for competitive pricing and market positioning.

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Definitions:

Discarding

The process of getting rid of something no longer useful or required, often in the context of inventory or asset management.

Revenue Expenditures

Costs that are expensed in the current period and not capitalized; they are for maintaining the earning capacity of existing assets rather than for new assets.

Income Statement Expenditures

These are expenses reported on the income statement, including costs associated with the operations of a business, such as cost of goods sold, administrative expenses, and interest on debt.

Plant Assets

Long-term tangible assets used in the operation of a business that are subject to depreciation.