In an insurance transaction, the insurer is represented by the

Residual risk is best defined as:

a) The risk that material error exists in the financial statements after the audit. b) The amount of risk an organization is willing to accept in pursuit of its business objectives. c) The internal and external risks that exist assuming there are no internal controls in place. d) The risks that remains after management executes its risk responses.

In the United States, each state has only a single district court

Indicate whether the statement is true or false