Answer:
The correct answer is letter "B": It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow.
Explanation:
Efficient supply chains aim to produce high-quality products by reducing manufacturing costs to maximize revenues. As part of the improvement, efficiency relies on reducing the waste of the production process or shipping the goods earlier than planned.
<span>As the acceptable level of detection risk increases for a given audit risk, an auditor may change the timing of substantive procedures from year end to an interim date. Detection risk is the risk that audit procedures will not know a material wrong statement. It is related to the timing, extent and nature of procedures done to diminish audit risk to an acceptable level.
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Answer:
The correct answer is letter "C" and "D": Benchmarking shows the solutions others have found for common problems; Benchmarking allows companies to review their internal processes in an unbiased fashion.
Explanation:
Benchmarking is an analysis that companies make of the best performer in their industries. The objective is to compare the techniques and processes to the top entity to find out which practices can be implemented in the firms to improve their efficiency and effectiveness.
<em>For the comparison to be accurate, the firm must make an unbiased study of its current method of operations. Only then, the firm can review which problems it has in common with the top-industry company and how this corporation overcame the issues.</em>
Answer:
Placement
Explanation:
Money laundering is an illegal process of concealing the money obtained through an illegal act by passing it through a series of other complex transactions .
It involves the three stages of placement , layering and integration.
Placement is the first stage of money laundering after movement from the source where illegal proceeds are disguised by placing them into circulation through deposit into financial institution to allow easy layering.
Hank's action of exchanging the stolen money for cashier's check is a typical example.
