UNDERSTANDING MANAGEMENT EBK
UNDERSTANDING MANAGEMENT EBK
11th Edition
ISBN: 9780357689738
Author: DAFT
Publisher: CENGAGE L
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Chapter 13, Problem 9AYSSL
Summary Introduction

To determine:

The way one feels when talking in a small group of friends and colleagues.

Introduction:

Talking in a small group of friends and colleagues is an instance which is common with most people. People today hang out in groups at coffee shops, restaurants, etc. as a fun activity. It is an interchange of ideas and opinions among people you are familiar with, which can be considered refreshing and enlightening. It is easier to exchange ideas and give input in a small group of friends and colleagues, as opposed to a group of strangers, because you are comfortable with this group and need not be afraid of rejection of ideas.

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Cariveh Co sells automotive supplies from 25 different locations in one country. Each branch has up to 30 staff working there, although most of the accounting systems are designed and implemented from the company's head office. All accounting systems, apart from petty cash, are computerised, with the internal audit department frequently advising and implementing controls within those systems. Cariveh has an internal audit department of six staff, all of whom have been employed at Cariveh for a minimum of five years and some for as long as 15 years. In the past, the chief internal auditor appoints staff within the internal audit department, although the chief executive officer (CEO) is responsible for appointing the chief internal auditor. The chief internal auditor reports directly to the finance director. The finance director also assists the chief internal auditor in deciding on the scope of work of the internal audit department. You are an audit manager in the internal audit…
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