Consider the following partially completed risk/control matrix as you answer the questions: Assume the risk/control matrix is organized like the one presented in the chapter.The best entry for Item C is:
A)Theft of inventory
B)Employee embezzlement
C)Either theft of inventory or employee embezzlement
D)Neither theft of inventory nor employee embezzlement

Question

Consider the following partially completed risk/control matrix as you answer the questions:  Assume the risk/control matrix is organized like the one presented in the chapter.The best entry for Item C is:
A)Theft of inventory 
B)Employee embezzlement 
C)Either theft of inventory or employee embezzlement 
D)Neither theft of inventory nor employee embezzlement

Quizplus · Accepted Answer

Item C is referring to the risk of loss due to theft or embezzlement. The best entry for this item would be either theft of inventory or employee embezzlement, as both scenarios present a risk of financial loss to the organization.

Consider the Following Partially Completed Risk/control Matrix as You Answer