Select All of the Following That an Organization Must Perform

question 4

Multiple Choice

Select all of the following that an organization must perform in order to survive and be healthy.

• A) Adapt to its environment.
• B) Innovate to solve problems.
• C) Achieve its goals.
• D) Generate valid alternative solutions.
• E) Maintain itself internally.

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Definitions:

Internal Control

Methods and protocols established by an organization to guarantee the reliability of financial and accounting data, foster responsibility, and avert deceit.

Record-Keeping Function

The process of maintaining a record of business transactions and financial activities for future reference.

Account System

Refers to a structured process of recording, analyzing, and managing financial transactions of a business or individual.

Backlog

The accumulation of work or orders that have been promised or planned but not yet completed or delivered.