PRODUCTION COSTS 1- EXPLAIN THE BASIS OF INTERNAL CONTROL. 2- EXPLAIN THE ELEMENTS OF INTERNAL CONTROL IN RELATION TO THE ORGANIZATIONAL PLAN
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- 1. Which managers and departments in an organization are responsible for the following: Execution risk Strategic risk Technology risk Reputation risk Process risk Systems risk Privacy risk 2. What is a Control Strategy for the following risks: Execution risk Strategic risk Technology risk Reputation risk Process risk Systems risk Privacy riskDescribe 9 features of a system for monitoring and evaluating the implementation of operational plans.Describe the objectives of internal control as per COSO and state the answer in points ?
- Does getting a solid strategy would ensure the organization's success under operations of the buizn?5) Implementation of planned decisions and evaluating performance is classified as: a. Evaluation b. Decision making c. Controlling d. Performing7) In Operations Management, business function responsible means Planning only Coordinating only All the above Controlling Resources only 8) Operations Management is nothing but planning, organizing, staffing, and controlling, and directing and improving the production system planning, organizing, staffing, and controlling planning, organizing, staffing, and controlling and directing the production system 9) Operations Manager Responsibility is Control All the above To make sure Productivity Plan
- 6. acquisition and placement of equipment a. operations manager b. system design operations c. system operations decision d. producer33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one? a) Production B) Financing NS) Human Resources D) Marketing TO) managementproduction planning and control. please help please
- Gordon Sparks Ltd. sells ergonomic chairs. The company implemented a new bonus structure for all of theirmanagers. If net income increased from the previous year, managers would be rewarded with 0.5% of the increase innet income.In January of last year, Mingle Nicholson was hired as the manager of the marketing department. As the marketingmanager, he was responsible for seeking external opportunities, managing budgets and understanding current andpotential customers. Every three or four days, Mingle would meet with the sales manager, Logan Freidman. Themeeting was usually about past sales, and whether there were changes to the selling strategy. This information wasextremely important to Mingle, since he was responsible to ensure the marketing objectives are aligned with the salesobjectives.During the year, Mingle made several changes to Gordon Sparks' marketing strategy. Mingle created a set of popularcommercials, which were a complete success. Each commercial reached over 5,000,000…List and briefly explain the elements of the CP control process?Explain 4 purpose of planning stated below with example . 1) provide direction 2) reduce uncertainty 3) reduce overlapping and wasteful activities 4) set standards that are used in controlling