To Maximize Its Effectiveness, to Whom Should the Internal Audit

question 22

Multiple Choice

To maximize its effectiveness, to whom should the internal audit department report?

• A) chief financial officer
• B) board of directors
• C) external auditor
• D) shareholders

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Definitions:

Formula Selling

A standardized method of selling that relies on a predetermined script or series of steps.

Stimulus Response

A concept in behaviorism suggesting that a particular stimulus will elicit a specific response; often applied in sales and marketing strategies.

Group Sales Presentation

A marketing strategy where a presentation about a product or service is made to a group of potential clients or customers simultaneously.

Group Member

An individual who belongs to a specific group or team, contributing to the collective goals, activities, and dynamics of the group.