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Alina [70]
3 years ago
13

Clearly establishing responsibilities and assigning all accounting activities to one person is an important principle of interna

l control.
a) true
b) false
Business
1 answer:
zalisa [80]3 years ago
7 0

Answer:

b) False

Explanation:

Internal control refers to the process in which the assurance is given with respect to the objectives of an organization so that the operations of an organization could be done in an efficient and effective manner. Moreover, it should also compliance with rules and regulations

There are various principles of the internal control system that includes separation of duties, authorization of business transactions and its activities, keeping physical records and control over assets

Therefore the given statement is false

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Adam Jones, the purchasing manager for ACME Corporation, is under suspicion for committing fraud. His superiors believe he is ac
pychu [463]

Answer:

ACME Corporation

Fraud Suspicion of Adam Jones:

1. Pre-admission-seeking Investigation Procedures:

  • Review the company's policies and procedures
  • Interview those who raised the suspicion to establish reasonable basis
  • Interview suppliers and vendors to determine facts
  • Decide if investigation was necessary in the light of company policies and preliminary findings
  • Plan the interview

2. Adam's initial reaction when confronted:

Adam would be defensive and try to deny the existence of such acts, especially when he is not sure that you have got some evidence against him.

3. Adam might try to cover his track when suspicion alert has been raised to his knowledge.  He might contact the vendors and suppliers involved to ensure that they did not disclose any unfavorable information to the investigator.  He might also engage in bluffing, that is trying to prove his innocence before the investigation proper.

4. I know this because I have dwelt with such reactions before.

Explanation:

In law, fraud is the deliberate misrepresentation of facts for the purpose of depriving someone of a valuable possession or enriching oneself.

8 0
3 years ago
An e-business can redefine its market by removing traditional marketplace intermediaries or by creating new ways to add value to
tatyana61 [14]

Answer: True

Explanation:

An e-business is a kind of business whereby information is passed across on the internet. Since we live in a digital world, organizations now engage their customers online.

An e-business can redefine its market by removing traditional marketplace intermediaries or by creating new ways to add value to business transactions.

4 0
4 years ago
If your company has a large production-related task, such as assembling an airplane, what strategy could help you increase produ
Nookie1986 [14]
I would say mechanical workers. kinda like robots because they can work 24/7

4 0
3 years ago
What is a business process? Why is adopting a process view of organizations essential to becoming a successful manager?
alisha [4.7K]

Explanation:

Business process can be defined as the series of interlinked activities starting right from making of a product to delivering that product to the customers. An organisation's success depends on its business processes that how effectively and efficiently they are performed to achieve business goals while remaining profitable.

Organisations takes some inputs, process them into final outputs. Inputs could be in the form of information, raw material etc, while outputs are the final products.

Managers needs to understand the process view because he should have complete knowledge of all the processes of an organisation. If they have this knowledge then they can easily evaluate, analyse, and modify the processes only and if they have deep insights about them.

For example: Manager working in KFC, should have knowledge about all the manufacturing, taking orders, serving customers and then taking feedback from them. Manager can only be effective if he has knowledge and he can understand and make them happen efficiently.

3 0
4 years ago
True or False: Potential customers and non-potential customers are mixed together in the marketplace, so it is impossible to ens
Jobisdone [24]

The marketplace is full of both potential and non-potential customers which makes this statement <u>True</u>.

<h3>Are both potential and non-potential customers in the market?</h3>

The market does indeed have both potential customers for a product and non-potential customers who would not want to buy the product.

As a result, it is not possible to directly market to only potential customers, but to the entire marketplace.

Find out more on potential customers at brainly.com/question/3053467.

#SPJ1

3 0
2 years ago
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