Management Can Expect Various Benefits to Follow from Implementing a System

question 99

Multiple Choice

Management can expect various benefits to follow from implementing a system of strong internal control.Which of the following benefits is least likely to occur?

• A) reduced cost of an external audit.
• B) prevents employee collusion to commit fraud.
• C) availability of reliable data for decision-making purposes.
• D) some assurance of compliance with the Foreign Corrupt Practices Act of 1977.
• E) some assurance that important documents and records are protected.

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Definitions:

Strategic Planning Pitfall

Common mistakes or obstacles that can undermine the effectiveness of an organization's long-term planning efforts.

Differentiation Strategy

A competitive approach where a company offers unique products or services recognized as superior by customers, allowing for premium pricing and higher margins.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position relative to competitors.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from competitors.