43. Which of the following statement regarding internal control is correct?

Select one:

a. The board of directors is responsible for managing effective internal control

b. The SEC requires management to evaluate control based on COSO

c.Internal control is a process consisting of ongoing tasks and activities. It is a means to an end, not an end in itself

d.The operation objective of internal control is to ensure the reliability of reporting, including internal and external financial and non-financial reporting

49. The waterfall model in software development life cycle allows developers to revise the project as the development goes on. This allows a much effective way to complete the project that meets customers satisfaction and accomplish the project goal in stages. On the other hand, the spiral model that features constant revisions which lead to project spiraling down to potential project delays.

Select one:

True

False

50.

With regards to schedule assumptions and constraints, which of the following items is not part of this activity?

Select one:

a.Project participant hours such as external contractor, experts time availability,

b.Estimated time for project audit and acceptance

c.Lead and lag time for resources or management input,

d.funding availability