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:

Brand Positioning

The process of placing a brand in the marketplace and in the minds of consumers by differentiating it from competitors, focusing on unique attributes or benefits.

Logistics Supplier

A company that provides services related to the management, transportation, and storage of goods.

3PL

Third-party logistics, which refers to the outsourcing of supply chain functions and logistics to an external service provider.

Multiple-Channel Distribution

The use of two or more different types of channels to distribute a company's products or services to its customers, such as online, retail, and wholesale channels.