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Which of the following describes the risk assessment component of internal control?

A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.

Harrison Industries produces 4,00 . lunch boxes each day. The average number of units in work in process is 12,000 . having an average cost of $60,000 . The annual carrying costs related to inventory are 10%. Consultants have determined that the work in process could be reduced by as much as a third by rearranging the factory floor. What would the throughput time be if Harrison implements the

recommended changes? a. Twelve hours b. One day c. Two days d. Three days