At cadmia services, the cashier collects checks and cash from customers, and the junior accountant records the transactions in the journal. the controller approves the journal entries and bank reconciliations. the treasurer signs checks and approves contracts. which internal control procedure is exemplified in the above situation?

Separation of Duties

Explanation:

According to my research on different internal control procedures, I can say that based on the information provided within the question the above situation exemplifies the procedure known as Separation of Duties. This is when more than one person is involved with completing a single task, which in this case is the check retrieval to approval process. This concept focuses on giving each person involved in the completion of a task, a small duty within that task in order to prevent error and fraud.

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trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

no

explanation: