Which of the Following Is Not a Basic Principle of the COSO

question 125

Multiple Choice

Which of the following is not a basic principle of the COSO ERM framework?

• A)Companies are formed to create value for society.
• B)Management must decide how much uncertainty it will accept to create value.
• C)Uncertainty results in risk.
• D)Uncertainty results in opportunity.

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Definitions:

Education

The process of receiving or giving systematic instruction, especially at a school or university, aimed at the development of knowledge, skills, and character.

Life Expectancy

Refers to the average number of years that a person is expected to live based on demographic factors like their year of birth, current age, and gender.

Democratic Republic of the Congo

A country located in Central Africa, known for its rich natural resources and complex political history.

Clean Drinking Water

Water that is safe for consumption, free from contaminants and pollutants, essential for health and wellbeing.