Which Element of Steps for Better Thinking Is Described in Each

question 45

Essay

Which element of Steps for Better Thinking is described in each independent item below? Use each element of the model exactly twice.
a.Classifying previously identified costs and benefits as financial or nonfinancial
b.Conducting internal audits to assess the effectiveness of implemented internal controls
c.Organizing focus groups to discuss ways to improve internal controls after implementing several controls
d.Preparing a list of previously identified costs and benefits for specific internal controls
e.Ranking a list of five internal control objectives according to their importance
f.Reading an article about the purposes of internal control
g.Recognizing a weakness in internal control
h.Recommending specific internal controls to implement
i.Taking a course to learn about the COSO internal control framework
j.Wondering if a CEO supports changes in internal control

---

Definitions:

Cournot Duopolists

Firms in a duopoly market structure where each firm chooses its output level assuming the other does not change its output, leading to a strategic interdependence in decision-making.

Welfare Loss

The decrease in social welfare, typically caused by market inefficiencies or failures, often measured as lost income or utility.

Stackelberg Duopoly

A strategic game in economics where one firm sets its output first, and the second firm then chooses its output, knowing the first firm's decision.

Remarkable Healing

The process of recovering from an injury or illness in an impressively rapid or efficient manner.