<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
Internal control is defined as the procedures and processes used by a company to safeguard its assets, process information accurately and to ensure compliance with laws and regulations.
<h3>Internal control</h3>
Internal controls also include the measures a company takes to ensure its employees comply with all laws and regulations and do not steal company assets. Physical controls like door locks, area restrictions, safes and surveillance equipment are internal controls, too.
Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. Internal controls fall into three broad categories: detective, preventative, and corrective.
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Answer:
The answer is downward communication (Option B)
Explanation:
Downward communication is said to have taken place when information is relayed from superiors to subordinates. In other words, it is the kind of information that flows from people at the top of an organization structure (superior) to those at the bottom (subordinates).
Teresa (in the question) belongs to the top of her business or company (Plant Fantasies). She carried out downward communication by informing her employees (subordinates) in the flower department about landscape design requirements.
Downward communication could be oral or written. The oral takes the form of meetings, speeches and telephonic conversations e.t.c. On the other hand, the written takes the form of electronic displays, manuals, handbook, manuals, notices e.t.c.
Answer:
Option B
Explanation:
Applying conservatism and the historical cost principles, we would you account for the change in the value of the two pieces of land as leave the first piece of land at $100,000 and write the second down to $75,000 because conservatism and historical cost principles suggest us to anticipate and record the future losses rather than future gains.
