A division vice president fires project managers if they exceed 10 percent of their operating budget for their last three projects. This policy illustrates which component of internal control

Control environment

Explanation:

Internal control is defined as the process by which a company ensures operational efficiency, transparent financial reporting, and drive compliance with policies, laws and regulations of the company.

Control environment is a component of internal control, it is the series of actions that management of an organisation takes to guide the daily activities of their employees.

It includes actions taken to deal with issues around laid down policies and procedures.

In the given scenario the division vice president fires project managers if they exceed 10 percent of their operating budget for their last three projects.

This creates a control environment that is aimed at discouraging project managers from exceeding their budgets

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.