Answer:
Objectively assess a company's IT and/or business processes.
Assess the company's risks and the efficacy of its risk management efforts.
Ensure that the organization is complying with relevant laws and statutes.
Evaluate internal control and make recommendations on how to improve.
Answer:
The correct answer is c. Reducing barriers that limit entry of firms into new and existing markets.
Explanation:
An entry barrier is a high cost or other type of barrier that prevents a business from entering the market and competing with other businesses. Barriers to entry may include government regulations, the need for a license, or having to compete with a large corporation being a small business.
As an example, the large company is able to produce a larger quantity of products more efficiently than a company with fewer resources. They have lower costs because they are able to buy bulk materials, and they have less overhead because they produce more under one roof. It would be difficult for the small company to keep up with that, resulting in the avoidance of market entry.
Barriers to entry can have a negative effect on prices because the playing field is not level and competition is restricted. It is not an ideal situation for anyone except for the large company that has a monopoly. However, entry barriers are not always prohibitive. In fact, many new businesses find some type of entry barrier that they must overcome, be it the initial investment, the acquisition of licenses or obtaining a patent - it is only part of the business.
Answer:
Letter b is correct.<u> Simplifying the supply chain needed to make goods and services available.</u>
Explanation:
India is the second most populous country in the world, and its economy has grown significantly, there is an increase in the industrial segment and foreign investment in the country, which is increasingly growing due to the large amount of cheap labor available and the country's large consumer market.
Therefore, when the population changes from rural to urban areas, global traders present in India benefit from the greater ease of simplifying the supply chain necessary to provide goods and services organized with automation and an integrated logistics for products to reach the consumer in place and at the right time.
Answer:
The correct answer is: records and information life cycle.
Explanation:
The records and information life-cycle management is a practice that implies a set of steps to store and dispose of information. The approach comprehends the creation of the piece of information, processing, distribution, organization, storage, and eventual disposition.
Making hypothetical changes to data and observing the results exists option b. What-if analysis
<h3>What is What-if analysis?</h3>
What-If Analysis exists as the method of changing the values in cells to see how those differences will affect the outcome of formulas on the worksheet. Three types of What-If Analysis tools come with Excel: Scenarios, Goal Seek, and Data Tables. Scenarios and Data tables bear sets of input values and choose possible outcomes.
A what-if analysis or sensitivity analysis exists as a powerful decision-making tool that permits brands to understand what kind of business consequences can arise from modifying one or more variables.
A what-if analysis exists as a study an individual or company creates about a particular number of events where variables are adjusted to determine what the outputs would be. This approach stands typically implemented when there exists limited information from where to create a concise decision. Then, individuals control to outline all the possible outcomes to find out what their risks are.
Software like Microsoft Office Excel promotes the implementation of what-if analysis.
Hence, Making hypothetical changes to data and observing the results exists option b. What-if analysis.
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