Which of the Following Is Not an Element of COSO

question 57

Multiple Choice

Which of the following is not an element of COSO Enterprise Risk Management?

• A)Enhancing risk response decisions
• B)Reducing operating surprises and losses
• C)Seizing opportunities
• D)Improving deployment of information technology

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Definitions:

Economic Profits

The financial outcome derived from removing all explicit and implicit costs from the aggregate revenue.

Elon Musk

CEO of Tesla, Inc. and SpaceX, among other companies, known for his significant contributions to the electric vehicle and space exploration industries.

Rival Firms

Companies that compete within the same market, offering similar products or services to consumers.

Creative Destruction

A process in economics where innovation leads to the demise of existing structures and businesses, paving the way for new ones.