According to the Book, Which 3 of the 5 Traditional

question 20

Multiple Choice

According to the book, which 3 of the 5 traditional internal control elements are most important in ebusiness transactions?

• A) Control environment, risk assessment and monitoring
• B) Risk assessment, control activities and information & communication.
• C) Control environment, risk assessment and control activities
• D) Control activities, information & communication and monitoring.

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Definitions:

Phonological Loop

A component of the working memory model that is responsible for the temporary storage and manipulation of verbal and auditory information.

Speech-Based Information

Information conveyed through spoken language, relying on the cognitive processing of auditory verbal cues.

Subvocal Speech

A form of internal speech or silent speaking, where words are mentally pronounced without vocalization.

Parallel Distributed Processing Model

A model of brain function that proposes knowledge is represented in a network of interconnected units, mimicking neural networks, allowing for simultaneous processing of information.