1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Charra [1.4K]
3 years ago
10

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.

You might be interested in
A shoe company's ads feature the members of a popular country music band. Product sales increase significantly among the band's
ruslelena [56]

Answer: (B) Reference group

Explanation:

 A reference group is basically refers to the individual and the group that is specifically used for the comparison purpose. It is one of the type of group that share a common attitude, beliefs and the behavior for making the various types of decisions.

 According to the given question, a shoe's company is one of the most popular music band as the products sales of the company significantly increase. Then, from the fans point of views the band is refers to the reference group.

 Therefore, Option (B) is correct answer.  

4 0
3 years ago
Crane Corporation acquires a coal mine at a cost of $476,000. Intangible development costs total $119,000. After extraction has
Alika [10]

Answer:

Dr Depletion expense 87,465

    Cr Accumulated depletion, coal mine 87,465

Explanation:

total depreciable costs = $476,000 + $119,000 + $95,200 - $190,400 = $499,800

depletion rate = $499,800 / 4,760 tons of coal = $105 per ton of coal

depletion expense during year 1 = $105 per ton x 833 tons = $87,465

Depletion expense is similar to depreciation expense, and is primarily used by extracting companies, e.g. mines, oil companies. Accumulated depletion decreases the book value of the asset.

7 0
3 years ago
How old do you have to be to work at an auto parts store?
castortr0y [4]
16 years old.
I don't really know.
6 0
3 years ago
Read 2 more answers
Lloyd is considering getting a credit card and using it instead of cash. Which of these is a good reason for him to do so?
Anni [7]

Answer:D. It will be easier for Lloyd to make online bill payments with a credit card.

Explanation:

6 0
3 years ago
What is a trademark, and why might you register one?
shutvik [7]
A symbol that means their company/product is legally registered.
8 0
3 years ago
Read 2 more answers
Other questions:
  • Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total vari
    8·1 answer
  • General Mills conducted focus groups to collect and interpret data to gain insights into customer preferences and loyalty. Which
    6·1 answer
  • An investment is acceptable if its irr:
    8·1 answer
  • In a lean system, work-in-process inventory is reduced to reveal production problems, which can then be
    10·1 answer
  • Money is to food as ________ is to ________.
    11·1 answer
  • At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
    5·1 answer
  • HELP! ASAP!! Ben helps people choose the right insurance policy and sets up their policies. He is:
    14·1 answer
  • For an individual business owner, which of the following would typically be classified as a capital asset for federal income tax
    6·1 answer
  • You are comparing two annuities with equal present values. The applicable discount rate is 6.5 percent. One annuity will pay $2,
    10·1 answer
  • The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!