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A grocery retailer aims to achieve a margin of no more than 5% gap between the products in stock and the weekly inventory. However, it

A grocery retailer aims to achieve a margin of no more than 5% gap between the products in stock and the weekly inventory. However, it finds shortages of up to 20%, according to the information system, which also does not match the sales report. a. Explain the difference between risk tolerance and risk exposure, according to the situation. b. Mention the MIARE objectives, according to the strategy and operations categories. c. Determine the type of internal control that should be applied. d. Mention at least two minimum effects of this internal control that should be expected. e. Explain the benefit of using the memorandum as a method of evaluating internal control.

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