Performing a Post-Audit Is Important Because

question 65

Multiple Choice

Performing a post-audit is important because

• A) managers will be more likely to submit reasonable data when they make investment proposals if they know their estimates will be compared to actual results.
• B) it provides a formal mechanism by which the company can determine whether existing projects should be terminated.
• C) it improves the development of future investment proposals because managers improve their estimation techniques by evaluating their past successes and failures.
• D) all of these.

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Definitions:

Organization Environment

Pertains to the external and internal factors influencing an organization's operations, including economic, technological, social, and political elements.

Situational Analysis

Situational analysis refers to the process of evaluating the current state of a situation or environment to make informed decisions.

Weaknesses

Areas of lack or deficiency that may hinder achievement or performance.

Strengths

The inherent capacities or talents that individuals or organizations can leverage to achieve their goals effectively.