Performing External and Internal Audits Is the Step in the Strategic

question 31

Multiple Choice

Performing external and internal audits is the step in the strategic management process.

• A)first
• B)second
• C)third
• D)fourth
• E)fifth

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Definitions:

Implied-in-Fact

A type of contract formed by the conduct of the parties involved, rather than written or spoken words.

Implied-in-Law

A term or condition not expressly stated but inferred by the nature of the transaction or the parties' conduct, as recognized by law.

Discharged by Agreement

A situation where the parties involved decide to release each other from the obligations of a contract, effectively ending the contract.

Operation of Law

Changes in legal rights or obligations that occur automatically due to established legal rules, without the need for action by the parties involved.