Which One of the Following COSO Components of Internal Controls

question 73

Multiple Choice

Which one of the following COSO components of internal controls influences the tone for the organization?

• A) Control risk assessment.
• B) Control environment.
• C) Information and communication.
• D) Monitoring.

Understand the preferences and criteria government funders use to award contracts and grants.

Identify the mechanisms and conditions of performance-based contracts.

Comprehend the evolution of federal involvement in grant and contract management, including the delegation of block grants.

Knowledge of where and how funding opportunities are published and accessed.

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Definitions:

Consumer

An organism that obtains its energy by eating other organisms, unable to produce its own food through photosynthesis or chemosynthesis.

Biomes

Large ecological areas on the planet's surface, with flora and fauna adapting to their environment, such as forests, deserts, and grasslands.

GIS System

Geographical Information System, a tool that captures, stores, analyzes, and manages geographically referenced data.

Primary Producers

Organisms that synthesize food from inorganic substances using light or chemical energy; the base of a food chain.