Which One of the Following Below Is Not an Element

question 151

Multiple Choice

Which one of the following below is not an element of internal control?

• A) risk assessment
• B) monitoring
• C) information and communication
• D) cost-benefit considerations

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Definitions:

Collective Identity

A shared sense of belonging to a group that shapes the members' perceptions, actions, and sense of self.

Surplus Goods

Items produced in excess of what is needed, often leading to stockpiles or distribution beyond the initial target market.

Economic System

An organized arrangement for producing, distributing, and consuming goods.

Centralized Location

A position or place that serves as the central point for distribution or coordination of activities and services.