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To achieve good internal control, which department should perform the activities of matching shipping documents with sales orders and preparing daily sales summaries?
Scenario Analysis
The process of analyzing and evaluating possible future events by considering various feasible outcomes or scenarios, typically to assess potential risks and impacts.
Best Case Scenario
The most favorable or desirable outcome possible in a given situation.
Worst Case Scenario
the most adverse condition or outcome that can reasonably be projected.
Base Case
The default scenario in scenario analysis, used as a benchmark to compare the outcomes of alternative assumptions or actions.
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