A Function of a Product Champion Is to

question 112

Multiple Choice

A function of a product champion is to

• A) have the status, authority, and resources to sponsor an innovation.
• B) be responsible for promoting a new technology throughout the organization.
• C) be responsible for developing a new technology.
• D) be responsible for coordinating the technological efforts of various business units.
• E) have the technical skills needed to install and operate the technology.

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Definitions:

Internal Control

A system of policies and procedures implemented by a firm to safeguard its assets, ensure financial reporting accuracy, promote operational efficiency, and encourage adherence to prescribed managerial policies.

Operational Efficiency

The ability of an organization to minimize input and operational costs while maximizing output or productivity.

Internal Controls

Procedures and measures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Internal Control

Internal control comprises the procedures and processes implemented by a business to safeguard assets, enhance the reliability of accounting records, and promote efficiency.