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Laurie and Milton are concerned about the risks created by inefficiency in the company's current fixed asset purchasing process.They could address their concern by developing: (i) an enterprise risk management plan, (ii) a business process management plan.
Strengths
Aspects of an entity, be it an individual, team, project, or system, that represent positive attributes or competitive advantages.
Limitations
Constraints or restrictions that affect the scope, validity, or generalizability of research findings.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, indicating how much the numbers in the dataset deviate from the mean average.
Variance
A measure of the dispersion, indicating how much the values in a dataset differ from the mean.
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