SOLVE STEP BY STEP AND IN DIGITAL FORMAT1. Mention at least two actions for each of the phases of the internal control evaluation.Internal control assessmentPhaseResearch with officials andcollaboratorsSubstantive study of theelementsCommunication with the teamand company managementActions

What do Internal Controls entail?Internal controls are analogous to good old-fashioned common sense…

Answered: SOLVE STEP BY STEP AND IN DIGITAL…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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magine you are the sales manager of a company that sells medical supplies to hospitals nationwide. You have 10 salespeople reporting to you. You are responsible for your department achieving a certain level of sales each year. In general terms, how might you go about taking each step in the control cycle?
Urgent , With explanation
Discuss the importance of handling problems effectively. • It is made early on when the problem first surfaces • It includes those who are directly involved • Reasons for the decision are explained to those who are not directly involved in handling problems• It is clear and unambiguous• It is in line with stated organizational goals • It aligns with organizational policies, vision, and values • All the implications of the decision have been thought through.
Please make a Gantt chart of this picture below and take screenshots of the Gantt chart
In a dynamic and complex world, managers must plan for effective innovation What would be the top factors in managing technology forecasting?
PRINCIPLES OF MANAGEMENT MGMT1001 E-TUTOR: ALISIA BROWNE "According. to Robbins, The value of the control function can be seen in three specific areas: planning, empowering employees and protecting the workplace. Explain each area and provide two supporting examples how these are applicable in the workplace"
The more evidence that can support an accurate, the better the decision-making that can be made to ensure growth and company objectives. Could "analysis paralysis" take over and thereby prevent the use of multiple tools?
You should use the indirect organizational strategy for all analytical reports? 1.True 2. False
When one of the worldâ€™s largest lenders discovered that revenues for its Latin American auto financing operations were flat, it embarked on a mission to collect feedback from first-tier customers, in this case, auto dealers. Overwhelmingly, the dealers reported that credit decision response time was the number one issue that the lender needed to improve. A quick initial credit decision keeps the customer from shopping elsewhere, both for a car and for the financing.A team of Six Sigma Black Belts from the lender then began to quantify the effects of slow response time and learned that 40% of credit applications werenâ€™t moving past the initial application stage, either because the application was rejected or the customer went elsewhere for financing. This 40% figure translated into $110 million in lost revenue annually for the lender.Given the voice of the customer (VOC) data, which highlighted the importance of credit decision response times and the…
6 EXERCISES: 1. If we use a focus group discussion what will be the advantages of this over getting the same information over the phone from the customer? 2. Why do we have to make sure that the concept is communicated in the way that the customer response is likely to be true? 3.What are the benefits of conducting these customer surveys to the company? 4.What does the product development team have to document and save the results of the test? How does this help the company?
Identify non value added activities for a restaurant or a cafe Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
A management consultant is evaluating the effectiveness of the control systems at AAA Corporation. Which of the following are the characteristics that will be used by the consultant? A) Forward, Concurrent, and Feedback.B) Flexible, Accurate, and Timely Information.(c) Fast, Accurate, and Target-oriented.D) Forward, Advanced and Timely.

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