Final answer:
The correct answer is 'A framework', which provides an overarching set of guidelines for approaching specific business areas without detailing the exact steps for implementation.
Step-by-step explanation:
“_________ is a set of criteria that defines a strategy to achieve certain objectives without being prescriptive; it provides a path but doesn't specify exactly how to get there.” The correct answer to this question is c. A framework. A framework in the business context is an overarching set of concepts, values, standards, or practices that provide guidance for organizations on how to approach a specific area, like risk management or governance, without specifying the exact steps to be taken. Unlike an internal control report, which is an assessment of the effectiveness of controls, or a control objective which is a specific target that controls are meant to achieve, a framework provides a systematic structure for organizations to follow. An assurance activity is a process that aims to provide confidence that objectives will be achieved effectively.