Consider the Following List of Items That Might Appear in a Risk/control

question 45

Multiple Choice

Consider the following list of items that might appear in a risk/control matrix:
i.At least twice a week
ii.Corrective
iii.Human error
iv.Inability to access class materials due to network outage
v.Insufficient time to study
vi.Local data backup
vii.Maximum budget = $50
Viii.Preventive
ix.Systems
x.Time management software
Which of the following items are most likely to be grouped on a single row?

• A)I, II, III, IV, V
• B)I, II, IV, VI, IX
• C)II, III, IV, V, VI
• D)VI, VII, VIII, IX, X

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Definitions:

Direct Materials

Basic substances which can be directly linked to the production process of a product.

First-in, First-out Method

An inventory valuation method where the costs of the oldest inventory items are assigned to the cost of goods sold first.

Department A

Denotes a specific division or unit within an organization, often specified for administrative or operational functions.

Cost of Production

The total cost incurred by a company to manufacture, produce, or acquire goods or services ready for sale.