Question: Preliminary control can be seen to be a preemptive or proactive action on the part of the management team. Putting measures in place in anticipation

Preliminary control can be seen to be a preemptive or proactive action on the part of the management team. Putting measures in place in anticipation of a problem may seem pessimistic, but it’s really a recognition of what can go wrong based on years of business experience.

Step by Step Solution

★★★★★

3.58 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Often times when preliminary control occurs it is a ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

616-4-B-G-M (222).docx

120 KBs Word File

Students Have Also Explored These Related General Management Questions!

Multiple Choice 1. An auditors primary consideration regarding an entitys internal controls is whether they a. Prevent management override. b. Relate to the control environment. c. Reflect...

Preliminary cost estimates for jails can be made using costs based on either unit area (square feet) or unit volume (cubic feet). If the unit area cost is $185 per square foot and the average height...

1. If the pursuing patron were actually an off-duty employee of Chilis, how would that impact your agency analysis? 2. When the pursuing patron called the Chilis employee with a description of the...

customers, suppliers, and communities in as serious takes place in the firm's business model thow to a way as they track its financial performance. make money). - The triple-bottom-line framework is...

Answer the questions at the end of the case Case study 2 Sustainable business improvement in a global corporation Shell Services BACKGROUND Processes People Customer Quality Figure C2.1 Components of...

atter? 7.8 AD-ROBIC EXERCISES A. Briefing for New Business Select a business in your town that is of interest to you. This can be a retail business with competition in the market. Or it can be a...

Management must understand what needs to change. A culture of performance excellence is very different from a traditional management culture. Many traditional practices stem from the fundamental...

IKEA's Global Renovations In September 2018, Swedish furniture retailer IKEA announced record revenue of US$44.7 billion for 2018 and [a] 7 percent increase in profit over 2017. Despite many highly...

This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensee. 1...

Final Paper Instructions/Guidelines: The final paper must be a minimum of 5 pages and a maximum of 7 pages in APA format. You can find APA guidelines in the Week Six folder under final paper tips....

Teresa has just opened a NOW account that pays 3.5% interest. If she maintains a minimum balance of $500 for the next 12 months, how much interest will she earn?

Raindeer PLC is a highly profitable electronics company that manufactures a range of innovative products for industrial use. Its success is based to a large extent on the ability of the companys...

Swaps help their users better manage risks, such as: Multiple select question. operating risk. liquidity risk. foreign exchange risk. credit risk. interest rate risk.

_______ is a free tool to use when conducting SEO website crawls and audits.

1. There seem to be many advantages to behaviour-based interviewing. Are there disadvantages as well? Explain. 2. Why is behaviour-based interviewing becoming so common? 3. Consider the following...

Consider the following statement: Canadian legislation is hurting the right to freedom of speech of its citizens with these types of rulings. Do you agree with the statement? Defend your answer.

Why did it take so many years for the union movement to mature in Canada?

Question 3 Celsius Inc. currently has $200,000 perpetual debt that has an interest rate of 6%. The market value of the debt is $240,000. Its EBIT is expected to be $64,000 per year forever. There are...

please solve all the questions step by step explanations with full accurate answer t can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Worth 376...

Question 3 0.5pts Select which best describes the rights and/or responsibilities given a European style option if someone is: a BUYER of one PUT contract on stock currentlypriced@29 having a strike...