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Questions and Answers
Which of the following is the purpose of an external audit?
Which of the following is the purpose of an external audit?
- To develop an exhaustive list of every possible factor that could influence the business
- To apply the tools and techniques in internal and external assessment
- To determine the nature and importance of external and internal audit
- To identify key variables that offer opportunities and threats (correct)
What is the main focus of Porter's Five Model?
What is the main focus of Porter's Five Model?
- Internal audit
- Forecasting tool and techniques
- Competitive analysis (correct)
- External audit
What is the purpose of a SWOT analysis?
What is the purpose of a SWOT analysis?
- To identify key variables that offer opportunities and threats (correct)
- To develop an exhaustive list of every possible factor that could influence the business
- To apply the tools and techniques in internal and external assessment
- To determine the nature and importance of external and internal audit
What is the nature of internal audit?
What is the nature of internal audit?
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What is the purpose of an Internal Factor Evaluation (IFE) Matrix?
What is the purpose of an Internal Factor Evaluation (IFE) Matrix?
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