The primary way in which an organization controls the performance of its employees is:
a. standard operating procedures
b. performance appraisal
c. careful training
d. budgetary control
e. punishment for failure to perform
Question 2Which of the following is the primary purpose of external audits?
a. Prepare financial documents and reports
b. Examine the efficiency and appropriateness of the firm's financial and accounting
procedures
c. Verify the accuracy of the methods used to prepare financial documents
d. Provide managers with information for improving the profitability of the firm's
operations