What is the purpose of internal control procedures within a, Operation Management

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What is the purpose of internal control procedures within a

1. What is the purpose of internal control procedures within a business? Do the procedures have any limitations? Explain.

2. After successful business analysis of a new product, the development stage begins. Describe the development process and explain the difference between laboratory testing and use testing.

3. What is the difference between the direct write-off method for bad debts and the allowance method? Which method is preferred and why?

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