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Each category of processes in the typical purchasing system would include controls and risks.For each of the categories, the goal of the internal controls system is to reduce specific types of business risks.Which of the following is not one of those risks?
Substitute Product
A product that a consumer can purchase instead of another product due to similarities in function or utility, typically affecting consumer choices and market competition.
Junk Science
Unsubstantiated or pseudoscientific claims, theories, or data, often used to advance specific agendas or claims without rigorous methodology.
Biased Data
Refers to information that is skewed or unfairly influenced, leading to partial or misleading conclusions.
Spurious Inferences
Incorrect conclusions or assumptions that arise from flawed reasoning or misinterpretation of data.
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