The Risk of a Material Misstatement Occurring in an Account,assuming

question 33

Multiple Choice

The risk of a material misstatement occurring in an account,assuming an absence of internal control,is referred to as:

• A)Account risk.
• B)Control risk.
• C)Detection risk.
• D)Inherent risk.

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Definitions:

Digestion

The biological process by which food is broken down into simple nutrients to be absorbed and used by the body.

Large Intestine

The final section of the gastrointestinal tract, responsible for water absorption and the formation of feces.

Bronchioles

Small branches of the bronchi found in the respiratory system that lead air into the alveoli of the lungs.

Digestive System

The digestive system is a group of organs working together to convert food into energy and basic nutrients to feed the entire body.