A Necessary Element of Internal Control Is

question 135

Multiple Choice

A necessary element of internal control is

• A) database
• B) systems design
• C) systems analysis
• D) information and communication

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Definitions:

Market Leaders

Companies that hold the highest market share in a particular industry, often setting trends and standards for others to follow.

Global Market Segments

The division of a worldwide market into distinct subsets of customers with common needs or characteristics, which can be targeted with specific marketing strategies.

Economies of Scale

Benefits in expenses that companies gain because of their operational size, typically seeing a reduction in cost for each unit produced as the size of operations grows.

Economies of Scale

Businesses achieve cost savings from their large scale of operations, as the cost per unit produced decreases when the scale increases.