How market economic system works for fundamental economic
Explain how the market economic system works to answer the fundamental economic questions. Explain how this may differ from a command economic system. Historically, which has worked best and why?
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Describe how market economic system works to answer fundamental economic questions. Describe how this may vary from command economic system
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important?
Describe the market and manufacturing requirements which make it suitable to use MRP and Just-in-Time.
How are analytical procedures employed in audit engagement? What premise underlies the use of analytical procedures in auditing? What sources of information can auditor use to develop expectations? Please provide examples.
Describe how market economy compensates for market surplus. What about market shortage? Why is price driven toward equilibrium? How does relate to laissez-faire.
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