The COSO Enterprise Risk Management Framework Includes Eight Components

question 86

Multiple Choice

The COSO Enterprise Risk Management Framework includes eight components.Which of the following is not one of them?

• A) control environment
• B) risk assessment
• C) compliance with federal, state, or local laws
• D) monitoring

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Definitions:

Service Rate

The speed at which a service provider can complete work or deliver services, often measured in customers served per unit of time or tasks completed per day.

Arrival Rate

The frequency at which entities (such as customers, materials, or information) reach a system or service point, often measured in entities per time unit.

Queue Discipline

Describes the rule or set of rules used to prioritize and manage elements in a queue, determining the order in which they are serviced.

M/M/1

A model in queueing theory representing a system with a single server where arrivals and service times are Poisson distributed.