According to the 2017 COSO ERM Report, Management Is Responsible

question 49

True/False

According to the 2017 COSO ERM Report, management is responsible for exercising oversight over strategy and risk management activities.

---

Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services rendered but for which payment has not yet been received.

Net Sales

Revenue generated from the sale of goods or services, minus returns, allowances, and discounts.

Debt Ratio

A financial ratio that measures the extent of a company's leverage by comparing total liabilities to total assets.

Book Value

The book value represents the net asset value of a company calculated as total assets minus intangible assets (patents, goodwill) and liabilities.