Which of the Following Is Not One of the Eight

question 75

Multiple Choice

Which of the following is not one of the eight interrelated risk and control components of COSO?

• A)Internal environment
• B)Monitoring
• C)Risk response
• D)Event assessment

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Definitions:

Variable Costs

Expenses that vary directly with the volume of production or services a company offers, including labor and materials.

Total Revenue

A company's aggregate income from product sales and service charges within a set timeframe.

Variable Costs

Expenditures that shift in accordance with the scale of output or level of production activities.

Total Revenue

The income that a company generates from its business activities, typically from the sale of goods and services before any expenses are deducted.