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In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?
In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?A . The underlying causes of the risk.B . The impact of the risk on the organization's objectives.C . The risk levels of current and future events.D . The...
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...
Which of the following audit procedures would not provide assurance to the auditor on this matter?
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?A . Interviewing the organization's employees.B . Observing the organization's operations.C . Reading the board's minutes.D . Inspecting...
Capacity overbuilding is most likely to occur when management is focused on which of the following?
Capacity overbuilding is most likely to occur when management is focused on which of the following?A . Marketing.B . Finance.C . Production.D . Diversification.View AnswerAnswer: C
All of the following are true with regard to the first-in, first-out inventory valuation method except:
All of the following are true with regard to the first-in, first-out inventory valuation method except:A . It values inventory close to current replacement cost.B . It generates the highest profit when prices are rising.C . It approximates the physical flow of goods.D . It minimizes current-period income taxes.View AnswerAnswer:...
A key advantage of developing a computer application by using the prototyping approach is that it:
A key advantage of developing a computer application by using the prototyping approach is that it:A . Does not require testing for user acceptance.B . Allows applications to be portable across multiple system platforms.C . Is less expensive since it is self-documenting.D . Better involves users in the design process.View...
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?A . Consult on project design and implementation of the CSR program.B . Serve as an advisor on internal controls related to CSD . Identify...
They are helpful but limited in value in a rapidly changing environment.
They are helpful but limited in value in a rapidly changing environment.A . 1 and 2 onlyB . 1 and 4 onlyC . 2 and 3 onlyD . 3 and 4 onlyView AnswerAnswer: B
Which of the following actions is most likely to gain support for process change?
Which of the following actions is most likely to gain support for process change?A . Set clear objectives.B . Engage the various communities of practice within the organization.C . Demonstrate support from senior management.D . Establish key competencies.View AnswerAnswer: B
Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?
Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?A . Decentralized organizations are more focused on organizational goals.B . Decentralized organizations streamline organizational structure.C . Decentralized organizations tend to be less expensive to operate.D . Decentralized organizations tend to be more responsive to market...
