Description term
a. policies and procedures put in place by management to address the risks identified during the risk assessment process.
b. a process, involving both ongoing activities and separate evaluations, that enables an organization to evaluate the effectiveness of its system of internal control over time.
c. the foundation for all the other elements of internal control, setting the overall tone for the organization.
d. the process of capturing and communicating operational, financial, and compliance-related information.
e. identifying, analyzing, and managing those risks that pose a threat to the achievement of the organization’s objectives.

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above