What Is the Most Important Factor Affecting the Risk of Management

question 34

Multiple Choice

What is the most important factor affecting the risk of management fraud?

• A)Lack of integrity.
• B)Lack of internal controls
• C)Lack of board of director involvement in organization.
• D)Lack of audited financial statements.

Grasp Michael Porter's generic strategies and their application in seeking competitive advantage.

Understand the dynamics of the strategic planning process and common pitfalls.

Differentiate between strategies focused on cost leadership and differentiation as competitive advantages.

Recognize the conceptual foundations of co-opetition and its strategic value.

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Definitions:

Psychological Empowerment

The extent to which employees feel a sense of personal fulfillment and intent when carrying out tasks, together with a belief that their work contributes to some larger purpose.

Competence

The ability to do something successfully or efficiently, often referring to a specific skill set or knowledge area.

Self-determination

The right or ability of individuals or groups to make their own choices and control their own lives.

Job Characteristics Model

Five core dimensions of jobs: skill variety, task identity, task significance, autonomy, and feedback