Which of the Following Is Not a Major Component of an Organization's

question 16

Multiple Choice

Which of the following is not a major component of an organization's internal controls?

• A) Risk assessment.
• B) Control environment.
• C) Control activities.
• D) Control risk.

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Definitions:

Target Customers

A specific group of consumers at whom a company aims its products and services, identified by characteristics like age, gender, income, and interests.

Demographics

The statistical characteristics of human populations, such as age, gender, income, and education, used especially to identify consumer markets.

Tapestry Analysis

A method of consumer segmentation that uses demographic and geographic data to identify, understand, and target specific consumer groups based on their behaviors, preferences, and needs.

Upper-Income

Refers to individuals or households that earn more than the average income level, often associated with higher purchasing power and consumption patterns.