Which of the Following Is Not True of the Concepts

question 64

Multiple Choice

Which of the following is not true of the concepts that are embodied in the COSO framework of internal controls?

• A)Internal controls relate to the organization's objectives.
• B)The six components of internal control are logically and operationally intertwined.
• C)Internal controls apply across all activities of the organization.
• D)All of the above are true.

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Definitions:

Peanut Butter

A food paste or spread made from ground dry-roasted peanuts.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive in the market, reflecting extra benefit or profit.

Gain In Producer Surplus

An increase in the difference between what producers are willing to accept for a good versus what they actually receive.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of a good or service.