Implementation transforms the abstract concepts of analysis and the detailed specifications of design into an actual product that people use

Which statement is true with regard to risk and insurance?

I. Most speculative risks can be insured. II. Insurance is a form of risk transfer. (a) I only (b) II only (c) both I and II (d) neither I nor II

Internal control should be looked upon as part of a larger process within the organization

Indicate whether the statement is true or false.