Once a Control Strategy Has Been Selected and Implemented,controls Should

question 92

Multiple Choice

Once a control strategy has been selected and implemented,controls should be ____ on an ongoing basis to determine their effectiveness and to estimate the remaining risk.

• A) budgeted
• B) updated
• C) monitored and measured
• D) evaluated and funded

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Definitions:

Goals and Tasks

Objectives that an organization or individual plans to achieve, along with the specific actions required to attain them.

Resources Available

The assets, materials, and other supplies that are readily accessible and can be used to achieve goals or complete tasks.

High Profit

A significant amount of earnings exceeding the costs and expenses of operating a business or investment.

Business Growth Stage

The phase in a company's lifecycle where it experiences expansion through increased market share, customer base, or product lines.