Which One of the Following Is an Example of an Internal

question 100

Multiple Choice

Which one of the following is an example of an internal risk for an organization?

• A)Changes in internal information technology.
• B)Increases in substitute services or products.
• C)Changes in the reliability of source goods.
• D)Changes in regulation that make the business model unsustainable.

Understand the concepts and functions of digital financial instruments, including cryptocurrency and electronic checks.

Recognize the types of checks used by businesses, such as third-party checks, limited checks, and voucher checks.

Understand the importance of diversified banking practices to mitigate potential risks.

Understand the importance of recognizing and implementing specific security features in checks to prevent fraud.

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Definitions:

Insurance Entities

Insurance entities are companies or corporations that provide insurance policies to protect individuals or businesses against risks in exchange for premium payments.

Employee Benefits

Various forms of non-wage compensation provided to employees in addition to their normal wages or salaries.

Restructuring Costs

Restructuring costs are expenses associated with reorganizing a company's operations, such as layoffs, facility closures, and asset write-downs, to improve efficiency or financial performance.

AASB 137

An accounting standard issued by the Australian Accounting Standards Board relating to provisions, contingent liabilities, and contingent assets.