What are the elements of the fraud triangle?
How can an internal control system limit reduce the risk of the
elements within the fraud triangle?
If you were to identify the two most important internal control
activities, what would they be?
Select a system from everyday life that employs feedback control
in its operation.
a. Describe the system and how feedback is used.
b. Identify the manipulated variable(s), controlled variable(s)
and disturbance variable(s).
Briefly state the roles of the following components of
homeostasis control system:
1. For homeostatic control of body
temperature,
when it is HOT(stimulus),
which part/s of the body serve/s as the sensor/s?
which part/s of the body serve/s as the control center/s?
which part/s of the body serve/s as the effector/s?
describe the response & corresponding feedback loop.
what happens to effectors in the skin?
when it is COLD (stimulus),
which part/s of the body serve/s as the sensor/s?
which...
Describe the importance of control over inventory, &
Describe three inventory cost flow assumptions and how they impact
the income statement and balance sheet.