Which of the Following Is Not One of the Three

question 35

Multiple Choice

Which of the following is not one of the three types of internal audits?

• A)Financial
• B)Operational
• C)Information systems
• D)Organizational

Recognize the signs indicating when a strategic change is required.

Identify various types of business objectives and their focus areas.

Learn the tools and processes used in narrowing down situational assessment data for strategic planning.

Differentiate between goals and objectives within strategic management.

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Definitions:

Benefit Surpluses

Surplus benefits are the additional welfare or gains received by individuals or society that exceed the expected or required amounts; however, in a strict economic context, the term is uncommon and might be a misinterpretation of concepts like consumer or producer surplus.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Supply Curve

A visual chart that illustrates the connection between a product's price and the amount of the product that suppliers are prepared to offer.

External Benefits

Positive effects experienced by third parties or the society at large due to an economic transaction they were not directly involved in.