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Vilka [71]
2 years ago
11

What kind of economy might a country have if it was influenced by Western thought

Business
1 answer:
vova2212 [387]2 years ago
3 0

Option;

A. communist

B. capitalist

C. democratic

D. republican

Answer: B. Capitalist

Explanation:

Capitalist economic system is one where the ownership and investment are distributed, the fluidity of her wealth and production which are made and maintained by individuals or corporation or by means of wealth which are state owned.

Example of capitalist countries include Switzerland, Australia, Estonia, Canada, United Arab Emirates amongst many others.

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In obtaining an understanding of an entity's internal control in a financial statement audit of a nonpublic company, an auditor
nata0808 [166]

Complete Question:

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is not obligated to:

Group of answer choices

A. Determine whether the control activities have been placed in operation.

B. Perform procedures to understand the design of the internal control policies.

C. Document the understanding of the entity's internal control components.

D. Search for significant deficiencies in the operation of the internal control.

Answer:

D. Search for significant deficiencies in the operation of the internal control.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated in an organization, as there's a reliable and an accurate accounting system.

Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is obligated to:

I. Determine whether the control activities have been placed in operation.

II. Perform procedures to understand the design of the internal control policies.

III. Document the understanding of the entity's internal control components.

7 0
2 years ago
Item 5Item 5Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all
grigory [225]

Answer:

right to private property and inheritance

Explanation:

The capitalistic system states that individuals are allowed to own their and enjoy their own personal property. In each country laws generally subordinate the right to private property to the well being of society.  

The right to inheritance refers to the right that an individual has to decide who will own his/her properties after they pass away. Unless stated otherwise, a person's offsprings are generally entitled to inherit the person's properties.

In this case, Chet is entitled to own his landscaping business (private property) and when he passes away his son, Josh, will inherit it.

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3 years ago
Danny is using the menus for the first time. In six to eight sentences, give Danny directions about what he needs to know about
GenaCL600 [577]

Answer:

The Answer Is B) i just took the test !

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3 years ago
What are the two most popular ways people make networking contacts? 
rjkz [21]

Answer:

Getting a personal introduction to a strategic investor or business partner means everything to an entrepreneur. Likewise, executives depend on being able to pick up the phone to get insights into a new market or find the world's greatest marketing guy.

6 0
3 years ago
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Apple's selling iphones to customers in africa, asia, and europe is an example of the globalization of ________.
shtirl [24]

The answer is market globalization. It is a term uniting the advertising and selling of services and goods with a progressively codependent and united global economy. It is marketing on a universal scale integrating or taking commercial advantage of global operative differences, resemblances and chances in order to meet global aims.

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