The rationale for internal control principle, segregation of duties is that the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee. Segregation of Duties is a basic building block of sustainable risk management and internal controls for business. It is based on shared responsibilities of a key process that disperses the critical functions of that process to more than one person or department.
Answer:
C) The invisible hand
Explanation:
Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.
This is also a clear example to what Adam Smith was referring to the invisible hand:
"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2
Answer:
The correct word for the blank space is: Business-facing processes.
Explanation:
Business-facing processes are all those activities engaged by corporations to provide their goods or services to their clientele that are not portrayed to the final user. Those activities involve business planning, employee management, and third-party communications that might imply providing a customer's product.
The answer to this question is: Voluntary exchange
In economy, voluntary exchange refers to the trade of resources between two parties that based on their own will.
This type of exchange usually could only happen because both parties feel that they will be advantaged from the exchange
Answer:
The correct answer is (a)
Explanation:
Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.
