Examlex
Which of the following related to a company's control procedures?
(1) Separating responsibilities for related operations
(2) Safeguarding inventory in a locked storeroom
(3) Identifying a sudden increase in slow payments
(4) Operating style of management
(5) Requiring employees to take vacations
Benchmarking
The process of measuring one’s own services and practices against the recognized leaders in order to identify areas for improvement.
Strategic Imitation
The practice of copying or adapting successful strategies, products, or practices from competitors or industry leaders, with adjustments for improvement or differentiation.
Environmental Analysis
The process of assessing and interpreting the external and internal environments of an organization to identify opportunities, threats, trends, and strategic uncertainties.
Job Performance Criteria
Job performance criteria are the standards or benchmarks used to evaluate an employee's effectiveness and efficiency in fulfilling their job responsibilities.
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