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Pie
3 years ago
10

18. HexaCo has various policies and procedures pertaining to the company’s operations. These policies and procedures are routine

ly referred to and adhered to, as they support management directives. According to the COSO Integrated Framework, policies and procedures which assist in achieving management directives would be examples of which element of internal control?
Information and communication

Control activities

Monitoring

Control environment

Expert Answer
Business
1 answer:
anyanavicka [17]3 years ago
3 0

Answer: Control activities

                 

Explanation: In simple words, control activities refers to the policies and procedures that help the management to reduce the risk they have identified. These activities reports as a support structure for other operating activities of the business.

In the given case, hexa company has policies and procedures that supports managements initiatives. Hence the given case depicts the control activities element.

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b. consumption spending

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g. not included in GDP

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Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

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2. Activities not reported to the government  

3. illegal activities

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5. sale or purchase of intermediate products

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the following are durable consumption by households and are included in the calculation of GDP :

Purchase of a house

Purchase of a mustang

Purchase of an air conditioner

purchase of a  computer

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hiring an accountant is an example of purchase of services by households and it is consumption spending.

Spending by businesses are included in investment spending.

expenditure by the government or state are included in government spending

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