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kondor19780726 [428]
1 year ago
8

Summarize the primary characteristics of an effective internal control system for cash.

Business
1 answer:
Archy [21]1 year ago
3 0

Internal controls shield your business from fraud, theft, and mistakes. Effective internal controls preserve your assets, cut down on loss, and maintain the accuracy of your financial reporting, among other traits.

Internal control is a procedure implemented by a company's management, board of directors, and other staff members and is intended to give reasonable assurance that the information is accurate, timely, and reliable. of adherence to relevant laws, rules, agreements, policies, and procedures.

Internal control is a procedure for ensuring that an organization's objectives in operational effectiveness and efficiency, accurate financial reporting, and compliance with laws, rules, and policies are met, according to the definitions of accounting and auditing.

Learn more about Internal control here

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Gloria, the controller of luna pizza, is purchasing several new delivery vehicles. gloria has numerous work responsibilities, so
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Answer: (E) Satisficing

Explanation:

 The satisficing is one of the type of satisfactory model that helps in understanding the various types circumstances that helps in creating the various types of decisions.

The satisficing is the process of performing the various types of strategies for achieving the desirable result and it basically explain the various types of behaviors of the decision process.

According to the given question, Gloria is using the satisficing model for the purpose of providing the satisfaction by choosing the best alternative.  

 Therefore, satisficing is the correct answer.

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3 years ago
George is the owner of numerous classic automobiles. His intention is to hold the automobiles until they increase in value and t
Monica [59]

Answer:

No, it is depreciable property used in business is the correct answer.

Explanation:

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3 years ago
The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh
Free_Kalibri [48]

Answer:

b. countries can become better off by specializing in what they do best.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

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What is the most accurate method for preventing adverse effects associated with the use of digoxin?
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What does Strategic HR(Human Resource) mean?<br><br> Explain in your own words.
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Planning for the goals and future of an organization   <span />
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