Which of the following is the BEST way for a company to ensure that performance standards are met and employees do not misuse the firm's resources?
A) build an entrepreneurial culture
B) develop an effective succession plan for top management
C) establish effective control systems
D) minimize the number of institutional investors

Question

Quizplus · Accepted Answer

The best way for a company to ensure that performance standards are met and employees do not misuse the firm's resources is by establishing effective control systems. This can involve implementing policies and procedures, setting up monitoring and reporting mechanisms, and providing regular training and feedback to employees. Building an entrepreneurial culture may encourage risk-taking and innovation but may also lead to a lack of accountability and oversight. Developing an effective succession plan for top management is important for long-term planning and stability, but it does not directly address performance standards or resource misuse. Minimizing the number of institutional investors may have little impact on internal controls and may not address the root causes of performance or resource issues.

Which of the Following Is the BEST Way for a Company