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Why Would a Merchandising Company Need Good Internal Controls Related

question 27

Essay

Why would a merchandising company need good internal controls related to its inventory? List three of the key elements of an internal control system that would apply to inventory,and explain how each of them does relate to inventory.


Definitions:

Schizophrenia

A severe mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

State Hospital

A government-run medical facility specializing in the treatment and care of individuals with mental health disorders.

Case Manager

A community therapist who offers a full range of services for people with schizophrenia or other severe disorders, including therapy, advice, medication, guidance, and protection of patients’ rights.

Problem-solving

The process of identifying a problem, developing possible solution paths, and taking the appropriate course of action.

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