The Internal Control Premise That Concerns the Relative Costs and Benefits

question 44

Multiple Choice

The internal control premise that concerns the relative costs and benefits of controls is known as

• A) responsibility.
• B) risk.
• C) reasonable assurance.
• D) exposure.

---

Definitions:

Inadequate Sample Sizes

Refers to a situation where the number of observations or data points collected is too small to yield reliable or statistically significant results.

Secondary Data

Information that has been previously collected and analyzed by other sources, which can be utilized for research purposes without the need for direct data collection.

Census Bureau

A government agency responsible for collecting and analyzing data about the population and economy.

Chief Privacy Officers

Executives responsible for overseeing an organization's data privacy policies and ensuring compliance with data protection laws.