In a Conversation About Risk Management, Miguel and Rafaela Were

question 39

Multiple Choice

In a conversation about risk management, Miguel and Rafaela were trying to decide whether to recommend their company invest some cash in short-term securities to increase the cash available for operations. Which element of the COSO framework is most related to their recommendation?

• A)Internal environment
• B)Monitoring
• C)Risk assessment
• D)Risk response

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Definitions:

Convention Refugee

A person who meets the definition of a refugee as outlined in the 1951 United Nations Convention Relating to the Status of Refugees, having a well-founded fear of persecution for reasons of race, religion, nationality, membership of a particular social group, or political opinion.

Hosting Refugees

The act of providing shelter, support, and assistance to individuals who have fled their home countries due to conflict, persecution, or disaster, in order to protect them and help them rebuild their lives.

Turkey

A country that straddles eastern Europe and western Asia, with cultural connections to ancient Greek, Persian, Roman, Byzantine, and Ottoman empires, known for its rich history and diverse landscapes.

Pakistan

A country in South Asia, officially the Islamic Republic of Pakistan, known for its diverse cultures, languages, and geography.