Rebekah Grace has worked for Specoly Inc., for 20 years without taking a vacation. An internal control feature that would address this situation would be "Other human resource controls".
<h3>What is internal control?</h3>
Internal control is a procedure carried out by a company's board of directors, management, and other staff members and intended to give a reasonable level of assurance that the information is trustworthy, accurate, and timely of conformity with pertinent laws, rules, agreements, policies, and procedures.
An internal control framework is made up of five interconnected elements:
- monitoring,
- information and communication,
- risk assessment,
- control activities, and
- the control environment.
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<span>The true statement about profits in a monopolistically competitive market is:
B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
Examples of monopolistic competition:
1) hotel and restaurant businesses
2) consumer services like hair dressers, spa, etc
3) pubs and bars
</span>
The term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
What is work product ?
Work product serves as the writings, notes, memoranda, that is been done on a conversations with the client or witness, as well as the confidential materials that is been formed by attorney while representing a client, particularly in preparation for trial.
On the hand can be regarded as the mental impressions, conclusions, opinions, for an attorney in anticipation of litigation , hence term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
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CHECK THE COMPLETE QUESTION:
What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete?
If this is a true/false question, the answer is FALSE.
It is consumers' responsibility to report fraud when it occurs.
Answer:
d. Reduce average Inventory
Explanation:
Inventory turnover ratio represents how quickly an entity's inventory is converted into sales and cash is generated.
Inventory turnover in days is computed as;
= 
Inventory turnover ratio can be computed as:
= 
Average stock = 
wherein, Op stock = Opening stock
Cost of Goods Sold = Sales - Gross Profit
A reduction in the average inventory level would increase the inventory turnover ratio, and thus reduce the inventory conversion period from 80 days to a lower level.