Question

1. In ACL, the ____ command creates a new table that contains data from two other tables.

1. CONNECT
2. RELATIONS
3. JOIN
4. COMBIE

2. In ACL, the _____ command links multiple tables to a parent table (usually a transaction table) for multiple lookup capability. This allows data columns to be compared across tables.

1. TOTAL
2. JOIN
3. EXTRACT
4. RELATIONS

3. ERM helps an organization manage its risks to protect and enhance enterprise value by:

1. Helping to establish a competitive advantage
2. Optimizing the cost of managing risk
3. Helping management improve business performance
4. All of the above

4. Risk assessment corrective action plans must be based, in part, on:

1. The actions to be taken in the event of an unanticipated risk occurrence
2. Internal risk survey results
3. External audit reports
4. All of the above

5. When developing scope assessments and risk action plans, the CRO and the risk assessment team should always consider:

1. Expectations of external investors
2. The broad objectives of COSO ERM
3. Customer satisfaction surveys
4. None of the above

Answer 1

1.C

In ACL, the ___Join_ command creates a new table that contains data from two other tables.

2.D

In ACL, the _RELATIONS____ command links multiple tables to a parent table (usually a transaction table) for multiple lookup capability. This allows data columns to be compared across tables.

3.D

ERM helps an organization manage its risks to protect and enhance enterprise value by:

Helping to establish a competitive advantage and

Optimizing the cost of managing risk and

Helping management improve business performance

4.D

Risk assessment corrective action plans must be based, in part, on:

The actions to be taken in the event of an unanticipated risk occurrence;

Internal risk survey results and

External audit reports

5.B

When developing scope assessments and risk action plans, the CRO and the risk assessment team should always consider The broad objectives of COSO ERM.