The Risk an Entity Will Fail to Meet Its Objectives

question 43

Multiple Choice

The risk an entity will fail to meet its objectives is referred to as:

• A)business risk.
• B)information risk.
• C)assurance risk.
• D)audit risk.

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Definitions:

Complex stepfamily

A family structure that includes children from previous relationships of both partners, as well as any children they may have together.

Complex stepfamily

A family structure formed when parents remarry or cohabit with new partners, bringing together children from previous relationships, and potentially having new children, creating complex relationships.

Biological children

Offspring to whom parents are genetically related.

Joint stepfamily

A family type consisting of a couple and their children from previous relationships, as well as any children they may have together, living under one roof.