4. Which of the following is an inherent limitation of the firm? (a) Increasing competition. (b) Political corruption. (c) Inexperienced staff. (d) Changes in fiscal policy.
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Answered by
3
Answer:
changes in fiscal policy
Answered by
1
The answer of the given question
Explanation:
- The limitation is the restriction in development further or restricts something
- Inherent-limitation: is whether the potential effectiveness of an entity or firm internal control is subject or related to the inherent limitations, ex-human fallibility, management override & collusion.
- The external limitation is not in internal control. Examples are Political corruption, change in fiscal policy, increasing competition, etc.
- Inexperienced staff is an inherent limitation. Option (c) is the correct answer.
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