Match the ERM Objective with the Appropriate Definition

question 67

Multiple Choice

Match the ERM Objective with the appropriate definition.
-Compliance objectives

• A)These objectives relate to the reliability of the enterprise's reporting, both internal and external.
• B)These objectives relate to the effective and efficient use of the entity's resources.
• C)These objectives relate to goals that support the entity's mission.
• D)These objectives relate to the entity's compliance with all applicable laws and regulations.

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Definitions:

Global Economy

The interconnected worldwide economic activities that determine the production, distribution, and consumption of goods and services.

Tax Exemption

A monetary exclusion that reduces the taxable income of an individual or organization, often granted by government policy.

Pretax Income

The total income earned by an individual or corporation before any taxes are deducted.

Tax Rebate

A refund on taxes paid, typically when the tax liability is less than the taxes paid.