Final answer:
In the COSO Cube model, 'operations control' is not a component, making it the correct answer to the question. The components of the COSO Cube include monitoring, control activities, and risk assessment.
Step-by-step explanation:
In the COSO Cube model of internal control, the components include monitoring, control activities, and risk assessment. These represent the core activities intended to ensure an organization meets its objectives with respect to effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. The option 'operations control' is not a component of the COSO Cube model as per the specified choices, making it the correct answer to the question which is about the exception. The actual term you might be looking for is 'control environment', which is indeed part of the COSO framework.
In the COSO Cube model, all of the following are components of internal control except operations control. The COSO Cube model is a framework that helps organizations assess and improve their internal control systems. The components of internal control include monitoring, control activities, and risk assessment.