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-In the above figure, suppose the economy is initially at point A. People come to expect the future U.S. exchange rate to be lower. As a result, there is a change from point A to a point such as
External Control
Influence or regulation by external factors or entities over an organization's or individual's actions and decisions.
Internal Control
Mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Normative Control
A management approach that seeks to regulate employees' behavior and decisions through the establishment of organizational norms and values.
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