Miguel and Rafaela Were Developing a Risk Management Plan for Their

question 21

Multiple Choice

Miguel and Rafaela were developing a risk management plan for their company following the COSO framework.One of the company's goals is to have sufficient cash available for operations; that goal had been difficult to achieve due to seasonal fluctuations in sales.To reduce that risk, Miguel and Rafaela recommended their company invest some cash in short-term securities that could be liquidated quickly and easily.Which element of the COSO framework is most related to their recommendation?

• A)Internal environment
• B)Monitoring
• C)Control activities
• D)Risk response

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Definitions:

White High School Graduates

Refers to individuals who have completed their high school education and identify as White in terms of racial classification.

Academic Achievement

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.

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