For each example below, identify which of the three "E's" the example represents. Discuss how the evaluation of the three "E's" fits into the specific objectives of the operational audit.
Examples:
1. Griggs Corporation has achieved the established goals for the new product line. The new product line's revenue increased by 10 percent.
2. At ABC Company, upper management has recently authorized and actively purchased zero coupon bonds. The investment accounting software used by general accounting is not capable of recording zero coupon bonds. As a result, zero coupon bonds are being recorded manually.
3. New government regulations have a negative impact on forecasted sales.
4. The Superway grocery store is open 24 hours. During the overnight shift, the manager schedules one cashier.
5. The quick-mart has just implemented just-in-time inventory purchasing agreements.