Candy's Chocolates Inc

question 41

Short Answer

Candy's Chocolates Inc.is a confectionary company that manufactures only one product.Unlike its competitors,the firm does not have its target customer base as children.Instead,it promotes its product using the same strategy across consumers of all age groups.Given this information,Candy's Chocolates Inc.has adopted a(n)__________strategy.

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Definitions:

Opportunities For Fraud

Circumstances or environments that could allow for the occurrence of fraudulent activities due to lack of controls, oversight, or ethical culture.

Review And Reconciliation

A process of ensuring that two sets of records or balances are in agreement, usually by examining and comparing documents or figures.

External Audit

An external audit is an independent examination of financial records and operations conducted by an outside entity to ensure accuracy and compliance with regulations.

Discrepancies

Differences or inconsistencies found when comparing two sets of data or reports, often requiring further investigation.