Which of the Following Is Not a Responsibility of the Board,Audit

question 20

Multiple Choice

Which of the following is not a responsibility of the Board,Audit Committee and Management?

• A)Formulate overall risk classifications.
• B)Understand business life cycles,business processes,and critical success factors.
• C)Identify and classify risks.
• D)Assess probability of risk and potential consequences.

Determine the elasticity of demand for necessities versus luxuries.

Calculate the impact of price changes on quantity demanded and total revenue using elasticity coefficients.

Understand how specific and challenging goals affect commitment and motivation.

Acquire knowledge on the application and effectiveness of expectancy theory in improving workplace motivation.