Which of the following describesCOSO's five interrelated components of internal control?
A. internal environment,objective setting,event identification,risk assessment, monitoring
B. auditor independence, corporate responsibility, financial disclosures,corporate and criminal fraud accountability,white-collar crime penalty enhancements
C. control environment, risk assessment, control activities, information and communication, monitoring activities
D. strategic, operations, reporting, compliance, monitoring
Answer: C
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A closed-end fund has a
A) fixed number of shares. B) fixed number of investors. C) front-end load. D) back-end load.
Firms use a differentiated targeting strategy because
A. most market segments are too small to be profitable. B. it is better than focusing on individual or small groups of potential customers. C. it is easier than mass marketing. D. it helps obtain a bigger share of the market. E. banks are more willing to extend credit to companies with this strategic approach.
When PepsiCo asked its advertising agency to develop an advertising program for its Mountain Dew soft drink, it gave the agency a statement describing the age and fun-loving spirit of its target market and the one-of-a-kind citrus flavor of the new product. What type of statement was this?
A. clustering B. positioning C. combining D. determining E. qualifying
Customary practice arises from legislative action
a. True b. False Indicate whether the statement is true or false