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Internal Control Systems
Procedures and mechanisms implemented by a business to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.
Cost-Benefit Principle
This principle involves analyzing whether the cost of an action outweighs its benefits before proceeding with the decision.
Technologically Advanced
Characterized by the use of the latest technology, innovations, and systems to improve efficiency and capability.
Information System
A set of components that work together to manage and process data, transforming it into useful information for decision-making.
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Q86: _ is a process of doing business
Q115: All of the following are ways and