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Question # 5 a. Under what conditions is MRP preferable to JIT and vice versa? b. In the expenditure cycle, the majority of payments made

Question # 5

a. Under what conditions is MRP preferable to JIT and vice versa?

b. In the expenditure cycle, the majority of payments made are by check. What are some control issues related to payment of vendors by check?

c. Identify ten threats and applicable control procedures for each in the expenditure cycle.

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