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NEW QUESTION: 1
When working with events and event reasons. How can you customize the customer instance? Please choose the correct answer.
A. You CANNOT create events or event reasons to customize a customer instance
B. You can create new events but NOT event reasons
C. You can create new events reasons but NOT events
D. You can create new events and new event reasons
Answer: C

NEW QUESTION: 2
A customer uses a call accounting system and account codes in the IP Office to keep track of billable time spent with their clients when on the phone. They would like to be able to have the IP Office automatically associate the account code when calls are made to or from their clients.
A. Answer Pending
Answer: A

NEW QUESTION: 3
Which of the following items is considered as an objective of the three dimensional model within the framework described in COSO ERM?
A. Risk assessment
B. Monitoring
C. Control environment
D. Financial reporting
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The COSO ERM (Enterprise Risk Management) frame work is a 3-dimensional model. The dimensions and their components include:
Strategic Objectives - includes strategic, operations, reporting, and compliance.

Risk Components - includes Internal Environment, Objectives settings, Event identification, Risk

assessment, Risk response, Control activities, Information and communication, and monitoring.
Organizational Levels - include subsidiary, business unit, division, and entity-level.

The COSO ERM framework contains eight risk components:
Internal Environment

Objective Settings

Event Identification

Risk Assessment

Risk Response

Control Activities

Information and Communication

Monitoring

Section 404 of the Sarbanes-Oley act specifies a three dimensional model- COSO ERM, comprised of Internal control components, Internal control objectives, and organization entities. All the items listed are components except Financial reporting which is an internal control objective.
Incorrect Answers:
A, C, D: They are the Internal control components, not the Internal control objectives.

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