Which of the Following Is Responsible for Establishing a Private

question 23

Multiple Choice

Which of the following is responsible for establishing a private company's internal control?

• A)Senior Management
• B)Internal Auditors
• C)FASB
• D)Audit committee

Recognize the risks and limitations associated with outsourcing HR functions.

Distinguish between core and non-core HR activities and their impact on outsourcing decisions.

Understand the impact of outsourcing on employee and organizational outcomes, including morale and brand image.

Grasp the strategic role of HR activities and their suitability for outsourcing.

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Definitions:

Operating Leverage

The ratio of fixed costs to total costs. The higher a firm’s operating leverage, the greater will be the variability of profits for a given change in sales.

Income Tax

A tax levied by governments on individuals or entities based on their income or profits.

Reward System

Programs and strategies to recognize and compensate employees for their performance and contribution to the organization.

Performance Measures

Metrics used to evaluate the efficiency, effectiveness, and performance of an organization's activities or employees.