Which of the Following Is True of the Audit Approach

question 31

Multiple Choice

Which of the following is true of the audit approach?

• A)It typically collects key indicators and customer satisfaction measures.
• B)It primarily deals with the determination of the dollar value of a function.
• C)It involves the use of statistics and finance and hence is more demanding than the analytic approach.
• D)It uses utility analysis to estimate the financial impact of employee behavior.
• E)It focuses on the processes involved in the HRM functional areas rather than the outcomes.

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Definitions:

Meganational Strategy

A business approach focused on operating and competing globally, while balancing both local responsiveness and global integration.

Autonomy to Adapt

The ability of an entity or individual to independently modify behaviors or methods in response to changing conditions.

Low-Cost Strategy

Low-cost strategy is a competitive approach where a company aims to become the lowest cost producer in its industry, offering products or services at a price lower than its competitors to attract cost-sensitive customers.

Differentiation Strategy

A business strategy where a company seeks to distinguish its products or services from competitors, typically through quality, design, or unique features.