Which One of the Following Is Not a Primary Component

question 17

Multiple Choice

Which one of the following is not a primary component of an internal control system?

• A)control activities
• B)delay payment of liabilities
• C)risk assessment
• D)control environment

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Definitions:

Diversification

A risk management strategy that involves entering into new markets or adding new products to a company's portfolio to spread and reduce risks.

Aggressive

A forceful approach or strategy intended to dominate or win over, often characterized by assertiveness and boldness in action.

Marketing Objectives

The specific goals set by a company as part of its marketing plan, which may include increasing brand awareness, sales, market share, or customer loyalty.

Strategy Canvas

A strategic management tool used for comparing current market positions of companies and to visualize strategies in uncontested market spaces.