Ask Question
Social StudiesSocial Studies
7 June, 17:28

An entity determined that its variable interest rate on borrowing will increase significantly in the near future. Consequently, the entity hedged its variable by locking in a fixed rate for the relevant period. According to COSO, this decision is which type of response to risk?

+1
Answers (1)
  1. 7 June, 17:42
    0
    Sharing

    Explanation:

    COSO is non profit organisation. It has its head quarter at New York. COSO stands for Committee of Sponsoring Organizations of the Treadway Commission.

    It is combined initiative to fight against corporate fraud.

    Given : "An entity determined that its variable interest rate on borrowing will increase significantly in the near future. Consequently, the entity hedged its variable by locking in a fixed rate for the relevant period."

    Now according to COSO, this decision is a type of 'sharing' response to risk.

    Thus the answer is sharing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An entity determined that its variable interest rate on borrowing will increase significantly in the near future. Consequently, the entity ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What causes a nebula to collapse into a dense mass?
Answers (1)
When it comes to dealing with angry or rude customers, giving in to their demands is the most appropriate way to avoid further stress. A. True B. False
Answers (1)
1. What is the word for a type of communication that goes from cell to cell? 2. What is the word that means "within the cell," such as referring to signals moving from one place to another within the cell? 3.
Answers (1)
Reagan, the manager of a car dealership, finds it impossible to train his mechanics on the details of every potential repair problem because of the increasing complexity and variety of today's vehicles.
Answers (1)
The US attitude toward the Soviet Union at the end of World War II can be best characterized as open. wary. confident. aggressive.
Answers (1)
New Questions in Social Studies
Private ownership allows people to decide how they will use their property, a. as long as their property is put to productive use. b. as long as they do not invade or damage the property of others. c.
Answers (1)
Silvia, an attorney in Florida, also was a licensed certified public accountant (CPA) and a certified financial planner (CFP). Silvia placed an ad in the yellow pages listing her credentials, including the CPA and CFP designations.
Answers (1)
Wegener saw pangaea as a jigsaw puzzle, where the puzzle pieces were
Answers (1)
If there is no majority in the electoral college who chooses the president
Answers (1)
An effective price ceiling is best defined as a price: A. imposed by government below equilibrium price. B. imposed by government above equilibrium price. C. higher than any consumer is willing to pay. D. lower than any supplier is willing to sell.
Answers (1)
Home » Social Studies » An entity determined that its variable interest rate on borrowing will increase significantly in the near future. Consequently, the entity hedged its variable by locking in a fixed rate for the relevant period.
Sign Up Forgot Password?