TRUE or FALSE?

1.) The main objective of Risk Management is the mitigation of the risk.

2.) Risk avoidance is essiential to effective Internal Control.

3.) Interal Auditors need not be "independent" , while External Auditors must be.

4.) In accordance with SOX, D&)s have sole responsibility for the establishment and maintenance of effective IC systems.

5.) It is not possible to have "Good" Corporate Governance without effective Internal Control(IC) , and ethical people.

6.) Effective Corporate Governance requires that directors and officers (D&Os) be able to run the company with minimal interference.

7.) The key to "Good" Corporate Governance is external regulation.

8.) Corporate Governance is a relatively new concern, which dates from corporate failures such as Enron and Worldcom, which caused law-makers to enact the Sarbanes Oxley Act (SOX)

9.) SM must provide for Corporate Governance, whihc is the system by which companies are directed and controlled.

10.) Strategic Managment (SM) is all about the implementation and the execution of a plan for the business or businesses of an organization.