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Which component should be the primary focus of the mission statement for a personal training business?
A. Annual strategic goals
B. Proposed budget
C. Operating principles
D. Business ideals
Answer: D
NEW QUESTION: 2
The internal audit activity is planning a procurement audit and needs to obtain a thorough understanding of the subcontracting process, which can involve multiple individuals in multiple countries.
Which of the following internal audit tools would be most effective to document the process and the key controls?
A. Procurement employee survey.
B. Segregation of duties matrix.
C. Cross-functional flow chart.
D. Internal control checklist.
Answer: C
NEW QUESTION: 3
Corporate Governance ...
A. Is defined as the assembled knowledge and wisdom of the collective stakeholders in the organization, set to maximize shareholder value
B. Is defined as business decision making predicated on a belief in potential rewards, balanced with the knowledge, understanding and appreciation of the risk taken to pursue those potential rewards
C. Eliminates risk to the greatest extent possible
D. Is defined as that which is best practiced within an enterprise risk management framework, guided by the PRMIA Standards of Best Practice, Conduct and Ethics above all else
Answer: B
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