Which of the Following Items Is One of the Eight

question 50

Short Answer

Which of the following items is one of the eight components of COSO's enterprise risk management framework?
A. Operations.
B. Reporting.
C. Monitoring.
D. Compliance.

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Definitions:

Barriers to Entry

Economic, procedural, regulatory, or technological factors that obstruct or restrict the ability of new competitors to enter a market.

Economic Profits

The surplus achieved when revenue generated from business activities exceeds both explicit and implicit costs.

Long Run

A period of time in which all factors of production and costs are variable, and firms can adjust all inputs.

Competitive Price-searcher

A market condition where sellers actively set prices and seek to differentiate their products in an effort to attract consumers in a competitive environment.