Match the description of the Principle of COSO: ERM Integrating with Strategy and Perfo The organization is committed to building human capital in alignment with the strategy and business objectives. The organization establishes operating structures in the pursuit of strategy and business objectives. The organization defines risk appetite in the context of creating, preserving, and realizing value. The organization considers potential effects of business context on risk profile. The organization identifies and selects risk responses. The organization assesses the severity of risk. The organization identifies and assesses changes that may substantially affect strategy and business objectives. The board of directors provides oversight of the strategy and carries out governance responsibilities to support management in achieving strategy and business objectives. The organization reports on risk, culture, and performance at multiple levels and across the entity. The organization develops and evaluates a portfolio view of risk.
Answers
1. Organization defines risk appetite as creating, preserving, and realizing value. (Principle 2: Risk Appetite) 2. It establishes operating structures in the pursuit of strategy. (Principle 3: Setting Objectives)
1. The first principle relates to defining the organization's risk appetite, which involves determining the acceptable level of risk-taking to achieve value creation and aligning it with the organization's strategic objectives. This principle emphasizes the importance of understanding the balance between risk and reward and establishing clear boundaries for risk-taking within the organization.
2. The second principle highlights the need for the organization to establish effective operating structures that support the implementation of its strategy and business objectives. This involves putting in place appropriate systems, processes, and resources to ensure the efficient and effective execution of the organization's strategic plans.
Both of these principles are part of the COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework on Enterprise Risk Management (ERM). The framework provides guidance for organizations to enhance their risk management practices and integrate risk management into their overall governance and strategy processes.
Learn more about Risk Management here:
https://brainly.com/question/28521655
#SPJ11
Related Questions
What do you mean by a facilitator? What are the major jobs of a facilitator of non formal educational programme
Answers
Explanation:
It is important to note that much of the intermittent formal learning throughout people's....Part of being an effective facilitator of informal learning ( and non-formal education) involves.
Answer:
The definition of facilitate is "to make easy" or "ease a process." What a facilitator does is plan, guide and manage a group event to ensure that the group's objectives are met effectively, with clear thinking, good participation and full buy-in from everyone who is involved.
in a cournot oligopoly, managers believe that their output decisions multiple choice question. are strategically independent from their rivals'. do not affect their rivals' output decisions. deeply affect their rivals' output decisions. only affect their rivals' pricing decisions.
Answers
In a Cournot oligopoly, managers believe that their output decisions are strategically independent from their rivals' and do not directly affect their rivals' output decisions.
In a Cournot oligopoly, managers believe that their output decisions are strategically independent from their rivals'. This means that each firm determines its own quantity of output without considering the actions of its competitors. The belief is that the quantity produced by one firm does not directly affect the output decisions of its rivals. Instead, firms focus on maximizing their own profits by considering factors such as production costs, market demand, and their own capacity.
While the output decisions of one firm may not directly affect its rivals' output decisions, they can indirectly impact their rivals' pricing decisions. This is because the quantity of output produced by each firm influences the overall market supply, which in turn affects the market price. If one firm increases its output, it may lead to a decrease in the market price, affecting the pricing decisions of other firms in the oligopoly.
In conclusion, in a Cournot oligopoly, managers believe that their output decisions are strategically independent from their rivals' and do not directly affect their rivals' output decisions. However, they can have an impact on their rivals' pricing decisions through the overall market supply and price.
To know more about Cournot oligopoly visit:
https://brainly.com/question/32706064
#SPJ11
A closed shop agreement, which is illegal today, is an extreme example of a(n) ________ that ensured all workers who benefited from the union paid union dues.
Answers
An extreme example of a (n) union security clause that ensured that all workers who benefited from the union paid union dues is a closed shop agreement, which is currently illegal.
Which term refers to a security arrangement between unions?Store closed. arrangement for union security that requires union membership before hiring; Against the National Labor Relations Act's provisions. Negotiating together.
What is the most straightforward form of union security?the most basic form of union protection. A type of union in which employees are required to keep their union membership throughout their employment and that employers are only allowed to hire workers who are already members of a particular union.
To learn more about union security clause here:
https://brainly.com/question/28872574
#SPJ4
Walmart can achieve a _____ using its relationships with suppliers to create an advantage that, ultimately, allows it to give customers low prices and good customer service.
Answers
Answer:
cost leadership/competitive advantage
How is partnership like a liability corporation?
A. Both are incorporated
B. Both have investors
C. Both are inexpensive to start
D. Both protect personal assets
Answers
Hope this helps! :)
list five of the important accounting assumptions that have had an impact on the development of generally accepted accounting principles.
Answers
Five important accounting assumptions that impact GAAP are: Going Concern, Accrual Basis, Monetary Unit, Time Period, and Historical Cost, guiding financial reporting for consistency and accuracy.
Five important accounting assumptions that have had an impact on the development of generally accepted accounting principles (GAAP) are:
1. Going Concern Assumption: This assumption assumes that the entity will continue its operations in the foreseeable future. It allows accountants to prepare financial statements under the assumption that the company will not liquidate or go bankrupt.
2. Accrual Basis Assumption: The accrual basis assumption requires that transactions and events are recorded in the financial statements when they occur, regardless of when the cash is received or paid. It helps provide a more accurate representation of a company's financial performance and position.
3. Monetary Unit Assumption: The monetary unit assumption assumes that the financial transactions and events recorded in the financial statements are expressed in a stable currency, such as the U.S. dollar. It allows for the measurement and comparison of financial information over time and between different entities.
4. Time Period Assumption: The time period assumption assumes that the economic activity of an entity can be divided into specific time periods for financial reporting purposes. It allows for the preparation of financial statements on a regular basis, such as monthly, quarterly, or annually.
5. Historical Cost Assumption: The historical cost assumption requires that assets and liabilities are recorded at their original acquisition or production cost. This assumption provides reliability and verifiability to the financial statements, but it may not always reflect the current market value of assets and liabilities.
These accounting assumptions form the foundation of GAAP and help guide the recognition, measurement, and disclosure of financial information to ensure consistency, comparability, and relevance in financial reporting.
Learn more about financial statements at:
https://brainly.com/question/26240841
#SPJ4
Sometimes news organizations have biases because:
A. they are concerned about a national crisis.
B. the government pays them to be biased.
C. they need to make money and get advertisers.
D. the audience has to be influenced.
Answers
Answer:
c
Explanation:
Sometimes news organizations have biases because they need to make money and get advertisers. Hence, option C is correct.
What is organizations?a group of people who work together in an organized way toward a common objective: the World Health Organization. The essay was about international aid organizations. more occurrences.
A structured grouping of people, such as a company, nonprofit, political party, or club, is known as an organization. These speciality schools are mostly run by nonprofit organizations. a report from the International Labor Organization.
The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. The advantages and disadvantages of each form must be considered by owners before deciding which to utilize for their business.
Thus, option C is correct.
For more information about organizations, click here:
https://brainly.com/question/12825206
#SPJ5
Select the correct answer.
What effect does inflation have on the prices of goods and services?
OA.
Prices decrease.
OB.
Prices double.
Ос. .
Prices increase.
OD
Prices stay the same.
Answers
Answer:
Prices increase, C
Explanation:
Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.
Hope this helps
Answer:
A
Explanation:
if inflation of SUPPLIES then price will decrease.
If inflation of MONEY then yea the price would rise.
In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease? current supply will _________, and, as a result, current prices will _________.
Answers
In the market for natural gas if the producers expect future prices to decrease current supply will decrease, and, as a result, current prices will increase.
What is demand?In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve
What is supply?supply is the amount of a resource that firms, producers, laborers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labor time, raw materials, or any other scarce or valuable object.
To learn more about demand, refer: https://brainly.com/question/2733525?referrer=searchResults
#SPJ4
You have been asked to prepare an analysis of the overhead costs in the order-processing department of a mail-order clothing company. As an initial step, you prepare a summary of some events that bear on overhead for the most recent period. The variable overhead flexible budget variance was $6,000 unfavorable. The standard variable overhead price per order was $0. 6. Ten orders per hour is regarded as standard productivity per clerk. The total overhead incurred was $202,200, of which $133,500 was fixed. There were no variances for fixed overhead. The variable overhead spending variance was $1,500 favorable. Required
Find the following:
1. Variable overhead efficiency variance
2. Actual hours of input
3. Standard hours allowed for output achieved
Answers
In the overhead analysis of the mail-order clothing company, the standard hours allowed for output achieved can be calculated as follows:
Variable overhead flexible budget variance = Actual variable overhead cost - Flexible budgeted variable overhead costActual variable overhead cost = Flexible budgeted variable overhead cost + Variable overhead flexible budget variance= $202,200 - ($0.6 x 10 orders/hour x total hours)Ten orders per hour is regarded as standard productivity per clerk. Therefore, total hours = Total orders / Standard productivity per clerk.Substituting total hours in the formula for actual variable overhead cost, we get:$202,200 - ($0.6 x 10 orders/hour x Total orders / Standard productivity per clerk)Therefore, the formula for total hours becomes:Total hours = (Flexible budgeted variable overhead cost + Variable overhead flexible budget variance - Actual variable overhead cost) / (Standard variable overhead rate x Standard productivity per clerk)Substituting the given values, we get:Total hours = ($0 + (-$6,000) - $202,200) / ($0.6 x 10)= 11,000Therefore, the standard hours allowed for output achieved are 11,000 hours.
For more question overhead analysis
https://brainly.com/question/32537395
#SPJ8
michelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Answers
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.Which of the following parties drives markets
Answers
Answer:
There is not options.
Explanation:
there is no choices to pick from.
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answers
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
daniel owes casey a debt, the amount of which is subject to a good faith dispute. the parties agree to settle the debt, with daniel promising to pay casey $15,000 and casey promising to release daniel on a $25,000 debt. the settlement agreement:
Answers
The settlement agreement between Daniel and Casey is a compromise that seeks to resolve a dispute over the amount of debt owed. In this agreement, Daniel promises to pay Casey $15,000, while Casey promises to release Daniel on a $25,000 debt.
The settlement agreement effectively puts an end to the dispute and releases both parties from any further claims related to the debt. This type of settlement agreement is common in situations where the parties are in disagreement over the amount owed, and neither party is willing to concede their position entirely.
By compromising and settling the matter, the parties can avoid the costs and risks associated with litigation and move forward without the burden of the debt dispute.
You can learn more about settlement at
https://brainly.com/question/30773420
#SPJ11
cash receipts journals
Answers
Answer: theyre handy!
Answer:
cool lol
Explanation:
what objects are necessary for the formation of shadows ?
Answers
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Assume that instead of the military-equipment issue, Thomas's religion required that he take a break at noon every day to take illegal drugs. The drugs are considered "Schedule 1" drugs, meaning the government has evaluated them and determined that the drugs have no medicinal value but have a high risk of addiction or serve as "gateway" drugs, leading users to even more serious drugs. The state relies on studies linking drug use to criminal activity and violence.
Answers
Answer:
CompellingValidExplanation:
A compelling interest refers to a choice that is not made out of choice but out of necessity. In Thomas's case, as the drug is considered a gateway drug that might get him addicted to others that might then lead him to a life of crime, it is necessary that his actions are nipped in the bud and that would work by violating Thomas's religious freedom and justifiably so.
If the court considers the state's reasons sufficient, then the regulation that violated Thomas's religious freedom is valid and should not be struck down because it is the only way that the Governmental objective of lower crime can be achieved in this instance.
number 22
22) E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $14 in perpetuity, beginning 7 years from now. If the market requires a 10 percent return on this investme
Answers
If the market requires a return of 4.4 percent on this investment, $146.58, a share of preferred stock cost today.
Bonds and preferred stock are both susceptible to changes in interest rates. Interest rates and preferred stock prices are inversely correlated. The value of the preferred stock decreases when interest rates rise and increases when rates lower.
Given information is
dividend of $147 years10 percent return on this investmentPresent value is:
Preferred stock = dividend of $14
Preferred stock = $14 / 0.10
Preferred stock = $140
Learn more about on preferred stock, here:
https://brainly.com/question/29739867
#SPJ4
Your question is incomplete, but most probably the full question was.
E-Eyes.com just issued some new preferred stock. The issue will pay an annual dividend of $14 in perpetuity, beginning 7 years from now. If the market requires a 10 percent return on this investment, how much does a share of preferred stock cost today.
Carlo implemented some management changes that increased worker productivity in his company. This increased the _____ and led him to _____ workers.
Answers
'Carlo implemented some management changes that increased worker productivity in his company. This increased the marginal revenue product of labor and led him to hire more workers.
Marginal revenue is a central concept in microeconomics and represents the total additional revenue generated by increasing product sales by one unit.
Marginal revenue is excess revenue resulting from the sale of additional units of production. Marginal revenue may remain constant for a given level of output, but will eventually decrease as output level increases, following the law of diminishing returns.
Marginal Revenue is the money a company earns for each additional sale. In other words, it determines how much money a company makes from selling another product. For example, if a baker sells additional bread for $2, his marginal income is also $2.
Learn more about Marginal Revenue https://brainly.com/question/10822075
#SPJ4
The part of supply chain management that plans, implements, and controls the flow of goods, services, and information between the point of origin and the final customer is called A. supply chain management.
B. logistics.
C. warehousing.
D. production management.
E. value chain optimization.
Answers
Logistics is a vital component of supply chain management that ensures the efficient movement of goods, services, and information from the point of origin to the point of consumption. Logistics involves managing the procurement, transportation, warehousing, and distribution of goods and services.
Production management, on the other hand, is concerned with the planning, coordination, and control of the manufacturing process. This involves managing the production line, ensuring that raw materials are available when needed, and that production runs efficiently and at the required quality standards. While logistics and production management are related, they are distinct functions that require different skills and expertise. Logistics professionals need to be adept at managing complex supply chains, optimizing transportation routes, and ensuring that goods are delivered on time and within budget. Production managers, on the other hand, need to be skilled at managing the production process, optimizing workflows, and ensuring that products are manufactured to the required quality standards. In summary, while both logistics and production management are critical components of the supply chain, they have distinct roles and responsibilities.
Learn more about chain management here:
https://brainly.com/question/31719835
#SPJ11
What is the difference between sprint and Iteration?
Answers
Iteration and sprint are essentially synonyms. Each is typically expected to last for two weeks. On rare circumstances, though, the nature of the job can dictate that a one-, two-, three-, or four-week iteration is preferable.
Agile (also spelled "agile") practises in software development include requirements discovery and solution improvement through collaborative work of self-organizing and cross-functional teams with their customer(s)/end user(s), adaptive planning, evolutionary development, early delivery, continuous improvement, and flexible responses to changes in requirements, capacity, and understanding of the problems to be solved. These ideals and concepts, which were popularised in the 2001 Manifesto for Agile Software Development, were developed from and serve as the foundation for a wide range of software development frameworks, including Scrum and Kanban.
The effectiveness of software professionals, teams, and organisations is improved by embracing agile techniques and ideals, although there is conflicting and difficult-to-find empirical data to support this claim.
learn more about Iteration and sprint here
https://brainly.com/question/14684133
#SPJ4
during which phase below would a project manager initially evaluate the assumptions and expectations of stakeholders?
Answers
During phase 3 a project manager would initially evaluate the assumptions and expectations of stakeholders
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information.
Project management is frequently connected to industries like engineering, building, and, more recently, healthcare and information technology (IT), which frequently require the completion of a complicated set of components and their precise assembly to produce a finished product.
To learn more about project refer here:
https://brainly.com/question/28390520
#SPJ4
'Market management is the key element for a business' Justify this statement with an example.
Answers
Answer:
Explanation:
Marketing Management is the key element for a business because it enables the business to generate revenue, gain new customers, and establish the brand. It ensures that the business is profitable by analyzing and aligning the company's goals.
Depending on the industry and marketing objectives of an organization, marketing management can mean many things. As the name implies, marketing management performs managerial tasks in the field of marketing, including, but not limited to, planning and decision-making before, during, and after the execution of marketing plans.
An example of marketing management is creating an advertising plan and implementing it. Another example is the expansion of business via mergers and acquisitions.
Learn more about marketing management :
https://brainly.in/question/2911836
Which is the best description of Economics?
a. the study of how people make decisions when dealing with scarcity
b. the study of money in the financial system (banking system)
c. the study of how people have purchased and sold things throughout history
d. the study of how you should invest your money in the stock market
Answers
Answer: A the study of how people make decisions when dealing with scarcity
Explanation:
Economic is for the ECONOMY
what is the best free editing app for gamers?
Answers
hassock corp. produces woven wall hangings. standard hours of direct labor is 2 hours to produce a single unit. hassock's standard labor cost is $12 per hour. during august hassock produced 10,000 units and used 21,040 actual hours of direct labor at the cost of $11.90 per hour, what is hassock's labor rate variance for august?
Answers
From the above given information, The Hassock's labor rate variance for August is 12,480 Unfavorable.
Given:
Actual hours = 21,040
Standard rate = 12
Standard hours = Standard Hour × Unit produce
= 2 × 10,000
Labor Efficiency variance = (Standard hrs. - Actual hrs.) × Standard rate
= (20,000 - 21,041) × 12
= 12,480 Unfavorable
The labor efficiency variance calculates how effectively labor can be used in relation to expectations. The variance can be used to highlight the parts of the production process that require more labor than expected. Industrial engineers will review the underlying process to determine if it can be improved to decrease the number of production hours necessary if the variance outcome is unfavorable. Some potential improvements include:
an expedited product design to speed up assemblya decrease in the amount of scrap the process producesUpgrading the level of automationWorkflow modificationIf this is not possible, the typical amount of time needed to produce a good is increased to better reflect the level of productivity.
Learn more about Labor Efficiency variance, here
https://brainly.com/question/25419606
#SPJ4
Refer to the following table. At this level of consumption of goods A and B, the consumer:
good a good b
mu = 100 500
price= $20 $50
a. is maximizing satisfaction for the given expenditure.
b. could increase total satisfaction for a given expenditure by increasing the consumption of A and decreasing that of B.
c.could increases total satisfaction for a given expenditure by increasing the consumption of B and decreasing that of A
d. should consume only A.
Answers
At this level of consumption of goods A and B, the consumer: good a good b could increase total satisfaction for a given expenditure by increasing the consumption of A and decreasing that of B. the correct answer is (b).
Based on the given information in the table, we can calculate the marginal utility per dollar for each good by dividing the marginal utility by the price.
For good A, the marginal utility per dollar is 5 (100/20), and for good B, it is 10 (500/50).
To maximize satisfaction, the consumer should allocate their budget in a way that the marginal utility per dollar for each good is equal. In this case, the marginal utility per dollar for good A is lower than that of good B.
Therefore, option (b) is correct. The consumer could increase their total satisfaction for a given expenditure by decreasing their consumption of good B and increasing their consumption of good A. This will result in an increase in the marginal utility per dollar for good A and a decrease in the marginal utility per dollar for good B until they are equal.
Option (c) is incorrect as increasing the consumption of good B will result in a higher marginal utility per dollar for good B and a lower one for good A, which goes against the principle of utility maximization.
Option (d) is also incorrect as the consumer will not be able to maximize their satisfaction by consuming only one good.
To know more about expenditure visit:
brainly.com/question/31389940
#SPJ11
PLEASE HELP!! I WILL GIVE BRAINLIEST!!!
Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answers
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
business question below:)
Answers
Answer:
C
Explanation:
Answer:
The answer is C
Explanation: