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A Necessary Element of Internal Control Is

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A necessary element of internal control is


Definitions:

Forecasting Capacity Requirements

The process of predicting the resources (such as machinery, labor, and space) needed to meet product demand at a future time.

Product Life Cycle

The progression of a product through different stages from introduction to growth, maturity, and decline in the marketplace.

Assembly Chart

A graphic means of identifying how components flow into subassemblies and final products.

Exploded View

A diagram or illustration that shows the components of an object slightly separated by distance or suspended in surrounding space, depicting the relationship or order of assembly of various parts.

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