Operational Auditing Is the Review of an Organization for Efficiency

question 78

Essay

Operational auditing is the review of an organization for efficiency and effectiveness. Discuss what is meant by the terms "effectiveness" and "efficiency."

---

Definitions:

Government Regulations

Rules established by governments designed to control the way companies and individuals conduct business, protecting the public's interests.

Tailor Products

To customize or modify products to meet specific customer requirements or preferences, enhancing satisfaction and competitive advantage.

Global Company

A business entity that operates in multiple countries around the world, transcending national borders.

Differentiate Marketing

Marketing strategies that highlight the unique aspects of a product or service to distinguish it from competitors in the market.