Consider the Following Systems Flowchart as You Respond to the Next

question 2

Multiple Choice

Consider the following systems flowchart as you respond to the next question: Assuming the actual process works exactly as depicted in the flowchart, ___ is in a position to steal from the company.

• A)The inventory manager only.
• B)The accounting manager only.
• C)Either the inventory manager or the accounting manager.
• D)Neither the inventory manager nor the accounting manager.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a certain price over a defined period.

Equilibrium Price

The rate at which supply and demand for a specific good or service are equal, creating a stable market condition.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the amount producers are willing to supply equals the amount consumers are willing to buy.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in a stable market condition.