THE INTERNAL CONTROL SYSTEM The internal control system includes all the strategies‚ policies and procedures adopted or instituted by the management of an entity to assist in their objective achieving as far as practicable‚ the orderly and efficient conduct of the business and includes adherence and compliance to management policies and applicable laws and regulations; the safeguarding of assets; the prevention and detection of fraud and error‚ the accuracy‚ reliability and completeness of the accounting
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INTERNAL MEMORANDUM TO: Norfolk Southern FROM: Date: October 15‚ 1996 Re: Regarding our Hostile Bid for Conrail Rail Corporation Today‚ CSX Corporation(CSX) and Consolidated Rail Corporation (Conrail) announced an $8.3 billion merger‚ the first and third largest railroads in the Eastern United States. This merger would create the second largest rail system in the United States in the United states‚ and the largest rail system east of the Mississippi river by far. This merger has huge implication
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succession plans will integrate both internal and external recruitment with internal development. It will do that by relying on comprehensive workforce planning that ties the organization’s strategic objectives with the number and type (talents) of people required to achieve those results. Internal recruitment is typically from two sources: job posting and management decisions. Job posting is‚ of course‚ a planned recruitment method that relies on internal staffing. Employers make it a policy
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of the initial set of leaders‚ and leaders in the future as vacancies arise. In addition‚ she wants employee movement across teams to be discouraged in order to build team identity and cohesion. The current internal labor market‚ however‚ presents a formidable potential obstacle for internal staffing goals. Based on a long history at the container manufacturing facility‚ employees are treated like union employees even though the facility is nonunion. Such treatment was desired many years ago
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Internal and External Influences affecting the Consumer’s Decision Making Process A number of factors affect the consumers buying behavior. Some of these are internal and others because of external influences. A few of these internal and external factors influencing the consumer’s buying behaviour while deciding to buy a Digital Camera are listed below: Internal Influences Perception: Perception is how a consumer processes information consciously or subconsciously. The perception about the brand
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Integration of the Internal Market Introduction At the very center of the European integration process stands the internal market. The Court of Justice has in several instances ruled on the scope of the rights constituted by the internal market and the thereby following freedoms of movement of workers‚ capital‚ and goods‚ the freedom to provide services‚ and the right establish. This synopsis will look into the way in which the Court of Justice balance between promoting the harmonization of
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One of the factor was a pursuit of lifelong learning. During my Internal Medicine rotation‚ Besides the depth of knowledge that one acquired‚ the most satisfying part was the interaction I had with my patients. Patients are
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reach out to its customers‚ it has to cope with the business environmental factors that consist of actors and forces outside marketing that affect its ability to develop and maintain successful relationship with its target customers. Business environment however is divided into two types. They are microenvironment and macroenvironment. By definition‚ microenvironment includes forces close to the company that affect its ability to serve its customers and macroenvironment are larger societal forces
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Shelley’s Romantic novel Frankenstein. She vividly depicts Victor’s self struggle as he bitterly regrets animating a hideous monster who is responsible for the deaths of his friends and family. Although the novel mainly centers on Victor‚ a differing internal conflict is experienced in the mind of the horrid creature that he created. In the beginning of the Creature’s life‚ he questions who is and his place in the world. He asks himself is he really a monster? The Creature possesses all the characteristics
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Internal Analysis Tangible resources Apple’s tangible resources are extensive and widely documented despite the company’s high level of security in matters of design. The value of analysing the tangible assets of the organisation lies in the determination of the potential for the creation of competitive advantage (Grant 2007). In terms of financial resources‚ the case quotes Apple’s market capitalisation is approximately US $550 billion‚ with sales annually over $100 billion. This makes Apple the
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