Match the Following Elements of Internal Control

question 158

Multiple Choice

Match the following elements of internal control:
-risk assessment

• A)provides reasonable assurance that business goals will be achieved
• B)used by management for guiding operations and ensuring compliance with requirements
• C)overall attitude of management and employees
• D)used to locate weaknesses and improve controls
• E)identify, analyze and assess likeliness of vulnerabilities

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Definitions:

Underpriced

A term used when a stock or other security is selling for a price that is lower than its apparent or intrinsic value.

IPO

Initial Public Offering, where a company offers shares of itself to the public for the first time to raise capital.

Syndicated Loans

Loans made by a group of banks or other institutions.

Group of Banks

A group of banks refers to a consortium or a syndicate formed by several banks to provide large loans or handle major financial transactions.