When Internal Controls Are Effective

question 2

Multiple Choice

When internal controls are effective:

• A)the organisation is more likely to achieve its strategic and operating objectives
• B)there will be an increased reliance on substantive tests of transactions and account balances
• C)control risk will also be high
• D)the organisation is less likely to achieve its strategic and operating objectives

Analyze various market coverage strategies and their fit for specific product types.

Describe buyer requirements and how they influence marketing channel decisions.

Explain the concept and types of channel conflict and their resolution.

Assess the impact of distribution decisions on company profitability and marketing efficiency.

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Definitions:

Forecast Accuracy

The degree to which forecasted values correspond to the actual values observed, often used in planning and inventory management.

Lead Times

The periods required for the completion of processes or activities, especially from the point of order to the delivery of goods.

Supply Chain Managers

Professionals responsible for overseeing and managing the entire supply chain process to ensure efficiency, cost-effectiveness, and timely delivery of products.

Backup Sourcing

Is the strategy of establishing alternative suppliers to ensure the continuity of supply in case of primary supplier failures.