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.

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Definitions:

CRM Data

Information collected and managed through Customer Relationship Management systems, including personal details, purchase history, and interactions of clients.

Tailor Customer Promotions

Custom-designed marketing activities aimed at offering specific customer groups incentives that cater to their unique preferences or purchasing history.

Generate Coupons

The process of creating vouchers or codes that consumers can redeem for a discount on goods or services.

Customer Segmentation Analysis

A method of analyzing data that creates customer profiles and categorizes them.