1. Multiple Choice: Which of the following is not a component of the COSO Enterprise Risk Management Framework? a) Risk Governance b) Risk Appetite c) Risk Assessment d) Risk Aggregation Answer: d) Risk Aggregation. Rationale: The COSO framework includes governance, appetite, and assessment but not aggregation, which is a process of compiling and summarizing risks. 2. True/False: Value at Risk (VaR) is a statistical technique used to measure and quantify the level of financial risk within a firm over a specific time frame. Answer: True. Rationale: VaR is indeed a statistical measure used to assess the risk of investment portfolios. 3. Fill-in-the-Blank: The process of identifying, assessing, and controlling threats to an organization's capital and earnings is known as ____________. Answer: Risk Management. Rationale: This definition