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There are five components of internal control:
1) Control environment
2) Risk assessment
3) Control activities
4) Information and communication system
5) Monitoring processes.
In your own words explain the purpose of internal controls. Then select one of the components shown above and explain the role it plays in protecting the assets of the business. Many of these activities can be observed in the workplace both inside and outside of the accounting department. Please share any work experiences you may have had with these activities or any that you have observed in other businesses, even if they are not in the accounting department. Be sure to provide a reference for any material used from a source.
Select a new, realistic good or service for an existing industry, preferably an industry you current work in or one in which you are interested in working.
What are the roles of beliefs and claims in critical thinking?
BUS 475- Discuss the main reasons why a business should or should not be involved in political discussions or take a political stand. Present your points from two perspectives.
Summarize your leadership practicum in relation to the seven distinct characteristics outlined in the textbook. How will you change your behavior based on this new understanding of servant leadership? What strategies did you learn that, if impleme..
Identify the many factors that affect decisions on location. Identify the many factors that affect decisions on a firm's location strategy. Why is it important for a firm to have a location strategy?
The authors of our primary text "Intimate Relationships" examine dysfunctional communication and how this can be resolved. Identify and describe at least three examples of dysfunctional communication that are presented in chapter 5.
In your response, briefly explain Vaughan's theory. Explain how this type of communication within one of the organizations (Ford Motor Company, NASA, B.F. Goodrich, and Volkswagen) altered the behavior of the employees.
Explain the advantages of a DBMS. Provide an example or a circumstance(s) where you would advise a customer to consider using a DBMS, and why you would advise use of a DBMS instead of Flat-File Processing.
"Budget is an aid to management and not a Substitute for management".
Implementation of ecologically sustainable policies and actions. E. G you can use either Tesla Motors, Fairtrade, Body Shop or any other company with legitimate claims.
Develop the MRP for all of the components.- Now that the plan has been developed, is it feasible to consider the capacity of the cutting department? What recommendations do you have?
1. What is the main focus of the mission statement? How is the mission shaped by the primary industry in which the organization participates?
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