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Match seven of the terms (a-o) with the descriptions/definitions provided below (1-7):
a. Compliance audit
b. Economy and efficiency audit
c. Effectiveness
d. Efficiency
e. Functional audit
f. Government Auditing Standards
g. Government audit
h. Institute of Internal Auditors
i. Operational auditing
j. Organizational audit
k. Program audit
l. Single Audit Act
m. Special assignment
n. IIA Practice Standards
o. Statements on Internal Auditing Standards
________ 1. The official title of the Yellow Book.
________ 2. A management request for an operational audit for a specific purpose, such as investigating the possibility of fraud in a division or making recommendations for reducing the cost of a manufactured product.
________ 3. A government audit to determine whether an entity is acquiring, protecting, and using its resources economically and efficiently and whether the entity has complied with laws and regulations concerning such matters.
________ 4. The degree to which the organization's objectives are accomplished.
________ 5. The review of an organization for efficiency and effectiveness.
________ 6. Federal legislation that provides for a single coordinated audit to satisfy the audit requirements of all federal funding agencies.
________ 7. Statements issued by the Internal Auditing Standards Board of the IIA to provide authoritative interpretation of the IIA Practice Standards.
Direct Channel
A marketing path that involves no intermediaries between the producer and the consumer, allowing for direct business transactions.
Indirect Channel
An indirect channel is a path a product or service takes from the producer to the customer through intermediaries such as wholesalers, distributors, or retailers.
Marketing Channels
The set of intermediaries or pathways through which goods and services are distributed from producers to consumers.
Consumer Product
Goods produced and intended for use by consumers for personal, family, or household purposes.
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