If a US Firm Sets Up a Plant in Mexico to Benefit

question 33

True/False

If a U.S. firm sets up a plant in Mexico to benefit from low-cost labor, it will likely have a comparative advantage over other firms in Mexico that sell the same product.

Understand the concept and components of internal control systems over cash.

Recognize the importance of segregating duties in maintaining a strong internal control system.

Identify the internal control objectives related to safeguarding assets, ensuring financial report accuracy, and compliance with laws.

Understand the purpose and function of a voucher in the internal control over cash payments.