The COSO Enterprise Risk Management Integrated Framework Has Four Categories

question 20

Multiple Choice

The COSO enterprise risk management integrated framework has four categories of risk objectives which are:

• A) strategic, operations, reporting and business unit.
• B) strategic, control activities, reporting and business unit.
• C) strategic, control activities, reporting and compliance.
• D) strategic, operations, reporting and compliance.

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Definitions:

Real Change

A significant alteration in behavior, circumstances, or conditions that has a lasting impact.

Obedience

The act of following orders or instructions from someone in authority, often without questioning them.

Expert Power

The influence one possesses as a result of their expertise, skill, or knowledge, which persuades others to follow their lead.

Informational Power

Power derived from the possession, control, or access to information that is needed or valued by others.