When an Industry Relies Heavily on Government Contracts, Which Forecasts

question 94

Multiple Choice

When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit?

• A) Economic
• B) Political
• C) Technological
• D) Competitive
• E) Multinational

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Definitions:

Needs Analysis Process

The systematic process of identifying and evaluating the needs or gaps in a system or organization to determine necessary actions.

Culture And Climate Audit

An evaluation process aimed at understanding the values, beliefs, and attitudes that characterize an organization and its environment.

Data Collection

Data collection is the systematic approach to gathering and measuring information from varied sources to get a complete and accurate picture of an area of interest.

Compliance Training

Instruction designed to inform employees of the organization’s regulations, policies, and legal obligations.