Specific Activities Performed by Management Include the Following Except

question 22

Multiple Choice

Specific activities performed by management include the following except:

• A)formulating strategy and risk management
• B)implementing effective internal controls
• C)hiring of the external auditors
• D)all of the above are performed

---

Definitions:

Bipolar Disorder

This is a psychological disorder identified by severe changes in mood, spanning from very high (mania or hypomania) to very low (depression) emotional states.

Manic Episode

A period of abnormally elevated mood, energy, and activity levels, often associated with bipolar disorder.

Bipolar Disorder

A mental health condition marked by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Unipolar Episode

A period characterized by a persistent depressed mood or loss of interest in activities, without the mood swings associated with bipolar disorder.