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According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program?
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program? 1) Every employee generally has a responsibility for ensuring the success of CSR objectives. 2) The board has overall responsibility for the effectiveness of internal control processes associated with...
Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?
Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?A . Observation.B . Inspection.C . Original cost.D . Vouching.View AnswerAnswer: B
Organizations use matrix management to accomplish which of the following?
Organizations use matrix management to accomplish which of the following?A . To improve the chain of command.B . To strengthen corporate headquarters.C . To focus better on a single market.D . To increase lateral communication.View AnswerAnswer: D
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?A . It uses the same products in all countries.B . It centralizes control with little decision-making authority given to the local level.C . It is an effective strategy when large differences exist between countries.D...
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?A . Giving assurance that risks are evaluated correctly.B . Developing the risk management strategy for the board's approval.C . Facilitating the identification and evaluation of risks.D . Coaching management in...
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?A . Promote closer linkage between organizational strategy and information.B . Provide users with greater online access to information systems.C . Enhance the functionality of application systems.D . Expand the use of automated...
According to Porter's model of competitive strategy, which of the following is a generic strategy?
According to Porter's model of competitive strategy, which of the following is a generic strategy? 1 Differentiation. 2) Competitive advantage. 3) Focused differentiation. 4) Cost focus.A . 2 onlyB . 3 and 4 onlyC . 1, 3, and 4 onlyD . 1, 2, 3, and 4View AnswerAnswer: C
Which of the following is the best approach to overcome entry barriers into a new business?
Which of the following is the best approach to overcome entry barriers into a new business?A . Offer a standard product that is targeted in the recognized market.B . Invest in commodity or commodity-like product businesses.C . Enter into a slow-growing market.D . Use an established distribution relationship.View AnswerAnswer: D
The first step in determining product price is:
The first step in determining product price is:A . Determining the cost of the product.B . Developing pricing objectives.C . Evaluating prices set by the competitors.D . Selecting a pricing method.View AnswerAnswer: B
The cost to enter a foreign market would be highest in which of the following methods of global expansion?
The cost to enter a foreign market would be highest in which of the following methods of global expansion?A . Joint ventures.B . Licensing.C . Exporting.D . Overseas production.View AnswerAnswer: D
