The Minimum Likelihood of Loss Involved in the Consideration of a Possible

question 40

Multiple Choice

The minimum likelihood of loss involved in the consideration of a possible material weakness is:

• A)Remote.
• B)Reasonably possible.
• C)Probable.
• D)Not considered.

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Definitions:

Experience Properties

Characteristics of a product or service that can only be ascertained through its use.

Consistent

Exhibiting a uniform, steady, and unchanged character or performance over time.

Inconsistent

Lacking coherence or uniformity in action, values, or principles, often leading to confusion or unpredictability.

Search Properties

Qualities of a product or service that are assessable prior to buying, like its color, style, or cost.