A Process by Which Organizations Select Objectives, Establish Processes to Achieve

question 127

Multiple Choice

A process by which organizations select objectives, establish processes to achieve objectives, and monitor performance is:

• A) enterprise risk management
• B) internal control
• C) organizational governance
• D) risk assessment

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Definitions:

Operating Profit

Earnings from a company's core business operations, excluding deductions of interest and taxes.

Trade Discount

A reduction in the retail price of goods, offered by wholesalers or manufacturers to retailers.

Discount

The reduction applied to the price of goods, services, or securities, or the amount by which the market value of a bond falls below its par value.

Golf Club Sets

A collection of golf clubs, typically including a variety of woods, irons, and a putter, used to play golf.