Briefly explain the core-competency theory
Core competency theory argues that an organization should focus exclusively on its core business competencies, while allowing outsourcing vendors to efficiently manage the non?core areas such as the IT functions.
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A material weakness in internal control is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis
a. True b. False Indicate whether the statement is true or false
A key modifying assumption in internal control is that the internal control system is the responsibility of management
Indicate whether the statement is true or false
What is not a correct description about a Gantt chart?
a. An American engineer, Henry Gantt, developed it in the 1910s. b. Originally, it was developed for studying manufacturing workers. c. It is a type of bar graphs showing project timelines. d. It is commonly used to illustrate risk factors associated with a project.
Which of the following is most characteristic of multinational corporations?
a. strategic alliances and joint ventures b. licensing and franchising c. direct investment d. importing/exporting