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Forward vertical integration would occur if a U.S.automobile manufacturer acquired a German subsidiary.
Risk Assessment
The process of identifying, analyzing, and evaluating the likelihood and impact of risks on a project or organization.
Control Procedures
Policies and procedures that are put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Beginning Balance
The amount of funds or value of an account at the start of a new financial period.
Cash Account
An account in a brokerage or financial statement that shows the amount of cash available for transactions.
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