News<span> of merger talks between book publishers Random House and Penguin ... from the book </span>industry<span>: howls from agents and authors </span>that<span> they'</span>ll have<span> fewer ... </span>will<span> fall; warnings </span>that<span> editors and marketers face huge layoffs; </span>fears that<span> ... the trend toward greater and greater </span>consolidation<span> of mature </span>companies<span>.</span>
With the options given in the question, the correct answer is C) the government sets policy for producer and consumers, which guides the economy.
<em>The option that best describes the idea of the “invisible hand” is “the government sets policy for producer and consumers, which guides the economy.”
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The “invisible hand” is a term coined by the economist Adrian Smith in his book “The Wealth of Nations”. It implies that in the market exist an “invisible hand” that helps the demand and supply of goods to maintain a balance.
Observing the graphic attached, another valid affirmation that stems from the information in the graphic could be: producers and consumers work together, which guides the economy.
The final decision regarding whether or not an internal audit engagement's goals have been attained rests with the specific internal audit staff member.
Who approves the internal audit plan?
- The governing body and senior management should concur on the internal audit charter.
- The internal audit's scope, independent reporting relationships, authority, responsibility, and requirement to adhere to IIA Standards should all be listed in the charter, at the very least.
Who is in charge of the internal auditing task?
- Usually, the audit committee, the accounting officer, or the board of trustees are responsible for this.
- The internal audit activity needs qualified, competent, and experienced personnel who can operate in accordance with the Code of Ethics and the International Standards if it is to be effective.
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