Which of the Following Best Pairs an Element of the COSO

question 29

Multiple Choice

Which of the following best pairs an element of the COSO enterprise risk management framework with an example of that element?

• A)Control activities, developing a budget for the ERM plan
• B)Information and communication, annual management retreats focused on improving the ERM plan
• C)Monitoring, annual management retreats focused on improving the ERM plan
• D)Internal environment, posting SEC filings on the company web site

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Definitions:

Skinner's Theory

Another term for Skinner's Radical Behaviorism, focusing on the importance of observable behavior and the use of reinforcement methods for behavior modification.

Kelly's Personal Construct Theory

A theory by George Kelly suggesting that individuals use personal constructs, which are mental models, to interpret and predict the world.

Superordinate Constructs

High-level, abstract concepts or categories that help organize more specific or subordinate information in cognitive psychology and social sciences.

Permeable

Could relate to various contexts, but generally means allowing liquids or gases to pass through it. In psychology, it can relate to boundaries or filters through which external influences can affect an individual's state.