Operational Audits May Be Performed by Internal Auditors and Government

question 93

True/False

Operational audits may be performed by internal auditors and government auditors, but not by external auditors.

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Definitions:

Related Diversification

A strategic approach where a business expands into areas that are related to its existing operations to leverage synergies and existing capabilities.

HR Function Evaluation

The process of assessing and measuring the effectiveness and efficiency of the human resources department in meeting the organization’s objectives.

Organization Conduct

Pertains to the behavior, ethics, and practices that an organization follows in its operations and interactions with stakeholders.

Price Elasticity

A measure of the responsiveness of demand or supply for a good or service to changes in its price, indicating how quantity demanded or supplied shifts when prices move.