Which of the Following Is True Regarding the COSO Enterprise

question 125

Multiple Choice

Which of the following is true regarding the COSO enterprise risk management framework?

• A) The framework categorizes an organization's objectives to distinct, non overlapping objectives.
• B) Control environment is one of the framework's eight components.
• C) The framework facilitates effective risk management, even if objectives have not been established.
• D) The framework integrates with, but is not dependent upon, the corresponding internal control framework.

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Definitions:

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods or services.

Income

The monetary payment received for work or through investments, pensions, or subsidies, used for consumption and saving.

Budget Constraint

A limitation on the consumption choices of individuals based on their income and the prices of goods and services.

Income

Regular earnings from employment or investment.