The Only Reason a Company Needs to Create an Internal

question 101

True/False

The only reason a company needs to create an internal control system is to deter intentional fraudulent acts.

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Definitions:

Watson

Watson is IBM's artificial intelligence platform that combines data analysis and intuitive reasoning capabilities, often used in solving complex problems across various industries.

Supply Chain

The entire process of producing and delivering a product or service, from the supplier of raw materials to the end consumer.

Supply Chain

The network of all individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, right through to its eventual delivery to the end user.

Understand the Customer

The process of gaining insights into customers' needs, preferences, and behaviors to effectively tailor marketing efforts and product development.