Explain How Computer-Aided Design and Flexible Manufacturing Technologies Help Create

question 29

Essay

Explain how computer-aided design and flexible manufacturing technologies help create small niches in the market place.Provide an example to illustrate your answer.

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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.