3.1.3 Flashcards
1
Q
what is internal audit
A
how the business operates on the inside
2
Q
what does internal audit identfy
A
strengths and weaknesses
3
Q
what is external audit
A
finding what the business cant control
4
Q
acronym for internal audit
A
HPDDF
5
Q
what does HPDDF stabd for
A
Human resource
producs
division
department restructing
finance
6
Q
acronym for external audit
A
MELTPC
7
Q
what does meltpc stand for
A
market
enviourmental
legal
trends
political
competiton
8
Q
what does swot stand for
A
strength
weakness
oppertunity
threats
9
Q
what two are internal
A
strengths and weaknesses
10
Q
what two are external
A
opportunity and threats
11
Q
what is the use of swot
A
future planning of a business
12
Q
acronym for swot uses
A
BROMP
13
Q
what does bromp stand for
A
Business venture
restructure
outsouring
marker (new)
product (new)
