Operational auditing is the review of an organization for efficiency and effectiveness. Discuss what is meant by the terms "effectiveness" and "efficiency."
What will be an ideal response?
• Effectiveness refers to the degree to which the organization's objectives and goals are accomplished.
• Efficiency refers to the degree to which costs are reduced without reducing effectiveness.
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Which of the following is a decision-making model that describes how individuals should behave in order to maximize an outcome?
a. rational decision-making model b. flexible decision-making model c. distributive decision-making model d. associative decision-making model
When forces for global integration are high and forces for national responsiveness are weak, which of the following strategies makes most sense?
A) segment consumers on a regional basis B) tailor the product on a city-by-city basis C) treat the world as a heterogeneous market D) treat the world as a single market E) treat the world as a portfolio of national opportunities