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:

Discharge Teaching

The process of educating patients and their families about post-hospital care, medication management, follow-up appointments, and signs of potential complications before leaving the hospital.

Understanding

The ability to grasp the meaning, significance, or nature of something.

Scheduled Appointment

A prearranged meeting or visit, often set for a specific date and time.

Deficient Recall

The inability to remember an adequate amount of information from one's past experience.