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51) Discuss the seven characteristics of useful information. (7 Points) 52) Describe the basic cycles and business activities for a typical merchandising company. (5 points)

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51) Discuss the seven characteristics of useful information. (7 Points) 52) Describe the basic cycles and business activities for a typical merchandising company. (5 points) 53) Why do fraudulent acts often go unreported and are therefore not prosecuted? (2 points) 54) Describe the five components of the COSO's Intemal Control Model. (5 points)

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