COBIT's Enablers Include Culture, Ethics and Behavior

question 6

Multiple Choice

COBIT's enablers include culture, ethics and behavior.Which element of the COSO internal control framework is most closely related to that enabler?

• A)control environment
• B)control behaviors
• C)behavioral environment
• D)all of these

Appreciate the role and limits of economic models and theories in explaining real-world phenomena.

Recognize the importance of investment in accumulating capital goods.

Understand the scientific method's application to economics and its relevance in studying human behavior.

Understand the broad categories of economic resources and their examples.

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Definitions:

Investment Committee

An investment committee is a group of professionals responsible for making decisions regarding the investment strategy of an organization or fund.

Passively Managed

Investment strategies that aim to replicate the performance of a specific index or benchmark as closely as possible, without active decision-making by managers.

Equity Index

A benchmark that represents the performance of a group of stocks, indicating the overall trend in the equity market.

Portfolio Manager

A professional responsible for making investment decisions and overseeing a portfolio of assets to achieve the investor's objectives.