Answer:
b) People who operate and function within the control system.
Explanation:
Internal controls are the process and mechanisms that an organization puts in place to ensure the integrity of its accounting and financial information. Internal control helps a business achieve operational efficiency and effectiveness. It ensures that a company financial reporting complies with the relevant laws, policies, and regulations.
The people working in internal control determines whether the mechanisms will succeed or fail. Employees assigned in internal control must be of high integrity and be able to discharge their duties without fear or favor. Internal control protects company resources from theft, wastage, or misuse. For internal control to achieve its purpose, the Individuals in that department must not comprise in any situation.
Niche marketing strategy is a marketing strategy in which the focus is on small but profitable market segments.
Niche marketing is defined as the strategy of channelizing all the marketing efforts towards one well-defined segment of the population. There is one important thing to understand that ‘niche’ does not exist, but it is created by a smart marketing technique and identifying what the customer wants.
This can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.
To know more about niche marketing here:
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Thank you for posting you question here at brainly. I think the statement "<span>Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:
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Right to Safety</span>
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Responsibility of Right to Safety</span>
</span>
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Right to Be Informed</span>
</span>
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Responsibility of Right to Be Informed</span>
</span>
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Right to Choose</span>
</span>
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Responsibility of Right to Choose</span>
</span>
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Right to Be Heard</span>
</span>
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Responsibility of Right to Be Heard</span>
</span>
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Right to Redress</span>
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Responsibility of Right to Redress</span>
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Right to Consumer Education</span>
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Responsibility of Right to Consumer
Education</span>
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Right to Healthy Environment</span>
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Responsibility of Right to Healthy
Environment</span>
</span></span></span>
Answer:
(a) Physical controls
(b) Human resource controls
(c) Independent internal verification
(d) Segregation of duties
(e) Establishment of responsibility
Explanation:
(a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.
(b) All cashiers are bonded. That is an example of the human resource controls principle.
(c) Daily cash counts are made by cashier department supervisors. That is an example of the independent internal verification principle.
(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. That is an example of the segregation of duties principle.
(e) Only cashiers may operate cash registers. That is an example of the establishment of responsibility principle.
