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VARVARA [1.3K]
3 years ago
9

Which of the following statements is false regarding the risk assessment component of internal control? a. Risk assessment inclu

des assessing fraud risk. b. Risk assessment includes assessing internal and external sources of risk. c. Risk assessment includes the identification and analysis of significant changes. d. Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.
Business
1 answer:
natali 33 [55]3 years ago
7 0

Answer:

Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.

Explanation:

Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.

Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.

The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.

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In the united states about ________ of all jobs are in consumer services.
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<span> 50 percent

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4 0
4 years ago
With respect to organizational changes, a health care organization that discovered weaknesses in the organization’s ability to c
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Answer:

The correct answer is "Process change "

Explanation:

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7 0
3 years ago
Aberwald Corporation expects to sell 90,000 bags of lawn fertilizer annually. The optimal safety stock (which is on hand initial
UNO [17]

Answer:

Annual demand (U) = 90.000 bags

Cost of each bag = $1.50

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Ordering cost per unit (O) = $15

Part A)

EOQ = \sqrt{\frac{2UO}{C}}

EOQ = \sqrt{\frac{2 * 90000 * 15}{0.30}}

EOQ = \sqrt{9000000}

EOQ = 3,000

Part B)

Maximum inventory = EOQ + Safety inventory on hand  

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Part C)

Average inventory = Maximum inventory + Minimum or Safety /2

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Part D)

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How often company order = 30

4 0
3 years ago
When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
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Direct labor = $5,600
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Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
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4 0
4 years ago
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