Management Is Responsible for Implementing Effective Controls to Control Risks

question 27

Multiple Choice

Management is responsible for implementing effective controls to control risks identified in a risk assessment. Which of these would not be considered to impact on management's risk assessment?

• A) expanding foreign exchange operations.
• B) changing the external auditor.
• C) new personnel.
• D) new technology.

Realize the importance of interpersonal skills and evidence-based management for OB managers.

Recognize the concept of internal clients within an organization.

Comprehend the principle of positive organizational behavior and its emphasis on human capital.

Describe the role of behavioral sciences in understanding organizational behavior.

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Definitions:

Narcissism

A personality characteristic involving arrogance, self-centeredness, and a lack of empathy for others.

Acquaintanceship Effect

A phenomenon that suggests the more people know each other, the more they will like each other.

Boundary Condition

Conditions under which a theory or hypothesis holds true or a system operates within its intended parameters.

Hierarchy of Effects

A model describing the stages a consumer typically goes through when making a purchase decision, from awareness to knowledge, liking, preference, conviction, and finally purchase.