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Cga Mu1 Assignment 2 Operations

Assignment 2: Operations DecisionDue Week 6 and worth 300 pointsUsing the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.Use the Internet to research two (2) of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).Write a six to eight (6-8) page paper in which you:1.Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note:In Assignment 1, the assumption was thatthe market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal toQS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal” price.2.Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likelyfactors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.3.Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use

 

INTERNAL AUDITING & CONTROLSREVIEW QUESTIONSMODULE 4

MULTIPLE CHOICE 

Select the

best answer 

for each of the following unrelated items. Answer 

each

of these items

in your examination booklet 

by giving the number of your choice. For example, if the best answer for item (a) is (1),write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will not bemarked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations.a)

Which of the following correctly identifies the phases of the internal auditing process?1)

Risk assessment, planning, reporting, and monitoring2)

Risk assessment, planning, interviewing, and reporting3)

Planning, examination, interviewing and reporting

4)

Planning, examination, reporting, and monitoring

 b)

Which of the following is part of the internal audit planning phase?

1)

Risk-based planning, long-term planning, and short-term planning

2)

Long-term planning, short-term planning, and report preparation

3)

Gain knowledge of the organization, risk-based planning, and long-term planning

4)

Long-term planning, short-term planning, and engagement planning

c)

Which of the following is part of the four-step approach to preparing a long-term audit plan?

1)

Gain knowledge of the business

2)

Plan the audit engagement

3)

Determine the frequency of audits

4)

Determine and allocate resources

d)

Which of the following

best 

describes risk assessment factors to be considered in a long-term audit plan?

1)

Likelihood of occurrence and impact of potential negative consequences

2)

Likelihood of occurrence and costs associated with risk management

3)

Knowledge of business and impact of potential negative consequences

4)

Knowledge of business and costs associated with risk management

e)

Which of the following best describes the difference in perspectives of the audit universe that themanagement auditor must take into account when preparing a long-term plan?1)

The functional approach defines the universe by activities such as payroll, purchasing, andso on, while the organizational approach defines the universe by units such as division,geographic location, department, etc.2)

The organizational approach defines the universe by activities such as payroll, purchasing,and so on, while the functional approach defines the universe by units such as division,geographic location, department, etc.3)

The controllability approach defines the universe by the ability of those in theorganization to control specific risks, while the organizational approach defines theuniverse by units such as division, geographic location, department, etc.4)

The functional approach defines the universe by activities such as payroll, purchasing, andso on, while the practical approach defines the universe by evaluation of the nature andcomplexity of the engagement assignment, time constraints, and available resources.

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