In the Event Identification Component of the COSO ERM Framework,management

question 14

Multiple Choice

In the event identification component of the COSO ERM framework,management must classify events into which of the following?

• A)Weaknesses and vulnerabilities.
• B)Risks and opportunities.
• C)Risks and rewards.
• D)Controls and vulnerabilities.

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Definitions:

Henry George

An American economist and social reformer best known for his advocacy of the "Single Tax" on land to improve social equality.

Social Gospel

A Christian intellectual movement that emerged in the late 19th and early 20th centuries, emphasizing the application of Christian principles to social justice and economic issues.

Government Intervention

Actions taken by a government to influence or directly regulate economic, social, or political activities within its jurisdiction.

Social Classes

Divisions of a society based on social and economic status, influencing access to resources and power.