Personnel Policies Such as Background Checks,mandatory Vacations,and Rotation of Duties

question 28

Multiple Choice

Personnel policies such as background checks,mandatory vacations,and rotation of duties tend to deter

• A)unintentional errors.
• B)employee fraud or embezzlement.
• C)fraud by outsiders.
• D)disgruntled employees.

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Definitions:

Cost-Efficient Formula

A method or calculation designed to minimize expenses while maximizing output or effectiveness, achieving an optimum balance between cost and performance.

Competitors

Other businesses or individuals that offer similar products or services and vie for the same customers or market share.

Focused Differentiation Strategy

A business approach where a company offers unique products or services to a specific, narrow target market.

Competitive Advantage

A condition or circumstance that places a company or entity in a favorable or superior position relative to competitors.