<u>Principle of internal control </u>does not include application of technological controls
Explanation:
<u>The seven important internal control procedures include separation/segregation of duties/job responsibilities , providing access to various controls, performing physical audits, standardization of documents, trial balances, periodic reconciliations of the financial statements , and approval authority.</u>
Creator of the Assembly line —> Henry Ford
First Major Mail-Order catalog —> Tiffany and Company
Major seller of mail-order homes —> Sears
First mail order catalog seen in the U.S —> Montgomery Ward
President of General Motors —> Alfred Sloan
First mass produced vehicle in the U.S —> Model T
Answer:
- to protect constitutional rights, safety, and fairness.
- to ensure that property rights are protected.
- to create regulation in a mixed-market economy only when needed.
A government can influence the economy through regulatory policies. These policies aim to limit what can be done in the marketplace. Regulations cover areas such as banking, insurance and wages. These regulations are designed to protect constitutional rights and ensure safety and fairness. They also protect property rights. Government regulation does not try to give producers an advantage over consumers, nor does it allow producers and consumers to interact completely free of government interference. However, it does try to regulate the economy only when it is needed. This is not always done right, which can lead to overregulation or deregulation.
