When Management Has Designed, Implemented, and Continually Manages Processes and Internal

question 73

Multiple Choice

When management has designed, implemented, and continually manages processes and internal controls, it is helping to ensure proper ________.

• A)Stewardship
• B)Ethics
• C)Administrative processes
• D)Capital processes

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Definitions:

Capabilities

The skills, knowledge, tools, and other resources that an organization or individual possesses to perform a given task or achieve a specific goal.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Distribution Operations

Involves the management of the supply chain processes that ensure the efficient movement and storage of goods from the manufacturer to the end customer.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, and disposal.