1- The COSO Enterprise Risk Management Integrated Framework is designed to help an organization achieve its objectives in four categories. One category is the effective and efficient use of company resources. This category is the..?.
A. Strategic category
B. Reporting category
C. Compliance category
D. Operations category
2- The COSO Enterprise Risk Management—Integrated Framework includes eight interrelated components that should be integrated within an organization's risk management process. Which one of the following components is a key feature of the COSO standard but not other risk management standards?
A. Communication
B. Risk assessment
C. Control activities
D. Risk identification
3- Risk to an entity apart from any action to alter either the likelihood or impact of the risk is known as?
A. Inherent risk
B. Nondiversifiable risk
C. Objective risk
D. Residual risk