Final answer:
A checklist for systematically analyzing corporate functions and activities is known as a strategic audit. It ensures a company's strategy aligns with its objectives and involves examining governance, strategy, and performance metrics. The audit can address various organizational questions and concerns.
Step-by-step explanation:
A checklist of questions by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a strategic audit. A strategic audit involves examining the strategic plan of a business to ensure it aligns with the goals of the organization. It looks at key areas such as governance, internal and external environments, strategic objectives, implementation, and performance measurement, among others. This kind of audit allows a company to reflect on its strategic direction and to make necessary adjustments to enhance performance and competitiveness.
Strategic audits can serve various purposes, including to examine a problem and explain possible solutions, to compare and contrast different strategies, or to conduct research and report results. Conducting a strategic audit can also be critical when recommending specific solutions to identified business challenges.