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3 years ago

Which of the following is not a basic principle of the COSO ERM framework?

Business

1 answer:

Gnom [1K]3 years ago

8 0

Answer:

The correct answer is letter "B": Companies are formed to create value for society.

Explanation:

The Committee of Sponsoring Organizations (<em>COSO</em>) is an international acknowledgment organism where basic risk regulating frameworks and accomplishment in organizational internal control matters are established. When it comes to Enterprise Risk Management (<em>ERM</em>) the committee proposes key principles and concepts for clear guidance.

Creating value for society is not included in one of the core objectives of the COSO ERM.

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A food handler's duties regarding food safety include all of the following practices EXCEPT: Prevention of food contamination Pe

katen-ka-za [31]

The answer to your question is,

Periodically test food for illness causing microorganisms.

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3 years ago

Read 2 more answers

Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball

slega [8]

Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580 (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

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3 years ago

Assume that the united states current account balance is zero. If the united states dollar appreciates against the japanese yen,

Diano4ka-milaya [45]

If the United states dollar appreciates against the Japanese yen, then demand for united states exports will increase.

<h3>What is Export?</h3>

These are the goods and services produced in a country and sold into another country.

When the currency of United states dollar appreciates against the Japanese yen, there will be lesser cost in the production of such goods which will lead to increase in export demands.

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2 years ago

A customer asks you a question, but you do not know the answer. You feel that they expect you to know the answer. What would you

ZanzabumX [31]

When you don't know a certain answer to a customer question be honest and tell them that you don't know the answer to this question however you will ask from your colleague about this question and will revert back to the customer.

<h3>What is a customer?</h3>

A customer is a person who is a buyer or a potential buyer of your products and or services.

The customer should be communicated of the estimated time that will be taken to revert back with the correct answer to the question. It is highly recommended that no guesses are made when you don't know a certain answer.

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2 years ago

The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:

Alisiya [41]

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment 43,200

Retained Earnings (8,400)

Drawings (21,600)

Capital as of August 31, 20Y4 $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned $899,600

Office expense 353,800

Miscellaneous expense 14,400

Wages expense 539,800 908,000

Net income/Retained earnings ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

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3 years ago