The accounting term for an instance where two or more individuals work together to get around internal controls is Collusion.
Internal controls are the systems, guidelines, and practises that a business uses to guarantee the accuracy of its financial and accounting data, foster accountability, and Collusion fraud. As the name implies, corrective controls are implemented to address any problems identified by detective controls.
These may also involve fixing any errors discovered once an accountant has completed the audit procedure on the accounting books. When two or more individuals collaborate to evade internal checks and steal from a business, this is called collusion.
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If demand for a product is price inelastic and the price decreases, total revenue will decrease.
The given statement "if demand for a good is price inelastic and the price decreases, total revenue will decrease" is false because if demand for a product is price inelastic and the price decreases, total revenue will increase.
Price elasticity refers to the responsiveness of demand to changes in price. A product with price inelastic demand means that the demand for the product is not very sensitive to changes in price. If the price of a product with price inelastic demand decreases, the quantity demanded will increase more than the price decrease, resulting in an increase in total revenue.
This is because consumers are willing to pay a relatively high price for the product, and a lower price will encourage them to purchase even more of it. On the other hand, if the price of a product with price elastic demand decreases, the quantity demanded will increase less than the price decrease, resulting in a decrease in total revenue.
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How to find break even quantity comparing two options
To find the break even quantity when comparing two options, you will need to compare the total costs and total revenues associated with each option. The break even quantity will be the point at which the total costs and total revenues are equal.
You must identify the point at which the total cost of both alternatives is equal in order to calculate the break even amount when comparing two options. At this stage, the company will start to turn a profit.
To find the break even quantity, you can use the following formula:
Break even quantity = (Fixed costs) / (Price - Variable costs)
You will need to calculate the fixed costs, price, and variable costs for each of the two options you are comparing. Once you have these numbers, you can plug them into the formula and solve for the break even quantity.
Comparing the break even quantity for the two options will help you determine which option is more cost-effective and will allow you to make a more informed decision.
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what is the cost for a 30 second super bowl ad this year?
Answer: $6.5 million
Successful firms focus their efforts on satisfying customer needs that match their core competencies.
1. True
2. False
The given statement "successful firms focus their efforts on satisfying customer needs that match their core competencies" is true because successful firms often focus their efforts on satisfying customer needs that match their core competencies.
Core competencies are the unique strengths and capabilities that allow a company to deliver superior value to customers, and when a company can align those competencies with customer needs, it can create a strong competitive advantage. By focusing on meeting customer needs that match their core competencies, companies can differentiate themselves from their competitors and build strong customer loyalty. This can help to increase customer retention, enhance reputation, and ultimately drive sustainable business growth.
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the figure shows the market for gourmet ice cream. in effort to reduce​ obesity, government places a​ $2 tax per gallon on suppliers in this​ market, shifting the supply curve from s0 to s1. the quantity of ice cream consumed before the tax is​ ________ gallons and the quantity consumed after the tax is​ ________ gallons.
Before the tax, 250,000 gallons of ice cream were consumed, and 200,000 gallons were consumed after the tax.
How would you define obesity?A condition known as obesity involves having too much body fat. Obesity is more than simply a visual issue. It is a medical condition that raises the chance of various illnesses and conditions, including cardiovascular disease, insulin, high blood pressure, and some malignancies. Eating in even more calories than you burn via exercise and everyday activities is a common cause of obesity. Whenever a person's body weight index is 25 or higher, they are considered obese. The chance of developing major health issues rises as a result of high body fat.
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The EpiPen is a life-saving device that is used by people with severe allergies. The U.S. manufacturer of the EpiPen raised its price by nearly 25% per year for nearly a decade. For each price increase of 25%, would quantity demanded change by more or less than 25%? The price of hand sanitizer is higher because of the coronavirus scare. What would this do to the demand curve for liquid soap (a substitute for hand sanitizer)? Increase the demand Decrease the demand Has no effect on demand
The volume demand would alternate by way of less than 25%, as the EpiPen is an vital proper to men and women with extreme allergies.
What Is the Demand Curve?The demand curve is a graphical illustration of the relationship between the charge of a true or provider and the volume demanded for a given period of time. In a ordinary representation, the fee will show up on the left vertical axis, the extent demanded on the horizontal axis.
Demand curve has two types person demand curve and market demand curve. It shows a graphical illustration of demand schedule. It can be created by way of plotting charge and quantity demanded on a graph. In demand curve, the rate is represented on Y-axis, while the extent demanded is represented on X-axis on graph.
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https://brainly.com/question/1139186#SPJ4Fill The Blank! a ________ is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters.
A multinational corporation that has a global reach and does not regard a certain nation as its base, home, and headquarters is referred to as a "transnational organization."
Explain about the transnational organization?The transnational corporation, also referred to as multinational corporation, is a business that has a registered office, conducts business, and has assets or any other facilities in for at least one other nation.
One nation serves as the headquarters for these corporations.
Transnational firms might not always be loyal to the nations in which they do business and instead prioritize protecting their own interests.When transnational firms establish offices abroad, they dodge the high import taxes involved.They use cheaper overseas labor than they might in the home country to cut costs.They acquire companies to stifle competition. They won't face as much competition if they buy overseas firms.Thus, a multinational corporation that has a global reach and does not regard a certain nation as its base, home, and headquarters is referred to as a "transnational organization."
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Parking lots next to the stadium tend to fill up quickly. A stadium owner who profits from parking receipts would likely encourage fans coming to the game to do what?A. Take any public transportationB. Use satellite parking lotsC. Use metered parkingD.Take the train
A stadium owner who profits from parking receipts would likely encourage fans coming to the game to use satellite parking lots. Here option B is the correct answer.
By using satellite parking lots, the stadium owner can not only accommodate a larger number of vehicles but also generate more revenue by charging a parking fee for each vehicle. Additionally, having satellite parking lots allows for better traffic management and less congestion around the stadium, which could lead to a more positive fan experience.
Encouraging fans to take public transportation or the train may also be an option, as it would reduce traffic and parking congestion around the stadium. However, this may not be as financially beneficial to the stadium owner, as they would not be able to charge a parking fee.
Metered parking may also be an option, but it is unlikely that enough metered spaces would be available to accommodate a large number of fans.
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for each of the following independent events, identify the account that would be debited and the account that would be credited. the accounts for the first event are identified as an example.
The monies will be debited from of the account and the common stock will be credited. The next one will debit cash and credit unearned service revenue.
What does a company's revenue actually mean?Revenue is the overall profit made from an organization's primary activities, such as the sale of goods or services, the rental of real estate, part-time operations, the payment of loan interest, etc. Revenue estimates are carried out prior to the deduction of any charges, such as discounts and refunds.
Event Account Debited Account credited
a Cash Common stock
b Cash Unearned service revenue
c Salaries payable Cash
d Accounts Receivable Service Revenue
e Operating Expenses Cash
f Supplies Accounts payable
g Unearned Service Revenue Service Revenue
h Salaries expense Salaries payable
i Supplies expense Supplies
j Cash Service Revenue
k Accounts payable Cash
l Cash Accounts Receivables
m Dividends Cash
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approximately how many american ffa degrees are awarded each year?
Approximately 3,500 American FFA Degrees are handed out each year at the National FFA Convention. That number represents less than half of one percent of all FFA members, making it one of the organization's highest honors. In addition to their degree, each recipient receives a gold American FFA Degree key.
Approximately, 3500 American FFA Degrees are handed out each time at the National FFA Convention. That number represents lower than half of one percent of all FFA members, making it one of the association's highest honors. In addition to their degree, each philanthropist receives a gold American FFA Degree key.
As the highest degree attainable in the National FFA Organization, the American FFA Degree shows an FFA member’s fidelity to his or her chapter and state FFA association. It demonstrates the trouble FFA members apply toward their supervised agrarian experience and the outstanding leadership capacities and community involvement they displayed through their FFA careers.
American FFA Degree donors show a pledge for the future and have gone over and beyond to achieve excellence.
The conditions to earn the American FFA Degree is set forth in the National FFA Constitution. To be eligible to admit the American FFA Degree, members must meet qualifications similar to entering a State FFA Degree, holding active classes for the once three times, completing secondary instruction in an agrarian education program, and operating an outstanding supervised agrarian experience program. Community service, leadership capacities, and outstanding educational achievement are also needed.
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economists sometimes give conflicting advice because
Economists sometimes give conflicting advice because they have different theories, models, and perspectives on how the economy works. These differing views can result in different predictions and recommendations.
For example, some economists may emphasize the importance of government intervention in the economy, while others may advocate for a laissez-faire approach. Some may prioritize reducing inflation over reducing unemployment, while others may prioritize the opposite. These disagreements stem from differences in beliefs about the role of government, the causes of economic problems, and the best way to address them.
Additionally, the availability of data and the methods used to analyze it can also lead to conflicting advice. For example, two economists may use different data sources or employ different econometric techniques, leading to different conclusions.
Another reason for conflicting advice is that economics is a social science and is subject to human biases and subjective interpretations. Economists may have different values, political views, and interests, which can influence their analysis and advice.
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Inventory management policies based on ABC analysis might include investing _____.A. extra care in forecasting for C items.B. the most time verifying the accuracy of records for B items.C. more in inventory security for C items.D. more in supplier development for A items.
Policies for inventory control based on ABC analysis may invest more in supplier development for A items.
Briefing:-The development of suppliers for A products may receive additional funding as a result of policies based on the ABC analysis. Businesses can prioritize their inventory based on annual dollar volume by using ABC analysis. Class A items, such as supplier development, records verification, and forecasting, will receive the most focus. Class C things will get the least time and attention, while Class B products will get less of both.
What in inventory management is ABC analysis?Inventory is split into three groups, A, B, and C, and their values are ranked descending in the ABC analysis approach. The highest valued items are those in category A, followed by those in category B and then those in category C. It's crucial for a corporation to manage and control its inventory.
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In the video from the Office when the women were communicating with a client, they were using verbal communication to connect and relate. (T/F)
True, in the video from the Office when the women were communicating with a client, they were using verbal communication to connect and relate.
Verbal communication is when you or another person exchanges words orally. On the other hand, nonverbal communication refers to things that are expressed nonverbally, such as gestures, facial expressions, and body language.
An essential component of daily interactions at work is verbal communication. These abilities will help you communicate your work to your supervisor, share outcomes with key stakeholders, and update your team.
Additionally, you will employ them when you reply to others, whether to elucidate or offer criticism. Because they make for more productive, collaborating team members, employers prefer candidates with these skills.
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which list of steps reflects the best order for the planning process?
Set operational goals and plans is the list of the steps that reflect the best order for the planning process therefore the correct option is C.
The planning process ought to start with setting vital assumptions and plans. This includes laying out long-haul protests and imagining systems to contact them. After the essential assumptions and plans are set up, political assumptions and plans ought to be set. These are more unambiguous and focused on the ordinary tasks of the affiliation.
Tactical plans ought to be lined up with essential assumptions and articles. In the long run, utilitarian assumptions and plans ought to be set. This is the most grainy place for arranging, affixing on everyday undertakings and molding to accomplish political assumptions.
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This question is not complete, Here I am attaching the complete question:
Which list of steps reflects the best order for the planning process? -Set tactical plans
(A) set strategic goals and plans
(B) set tactical goals and plans
(C) set operational goals and plans
Roger gets $ 40 $40dollar sign, 40 per day as wages and $ 4. 50 $4. 50dollar sign, 4, point, 50 as commission for every pair of shoes he sells in a day. His daily earnings goal is $ 112 $112dollar sign, 112.
Roger needs to sell 16 pairs of shoes in order to reach his daily earnings goal of $112.
To reach his daily earnings goal of $112, Roger needs to earn $72 more in addition to his daily wage of $40.
Let x be the number of pairs of shoes that Roger needs to sell in order to reach his daily earnings goal. Since he earns a commission of $4.50 for each pair of shoes he sells, he will earn 4.5x dollars for selling x pairs of shoes.
Thus, the equation that represents Roger's daily earnings is:
40 + 4.5x = 112
Subtracting 40 from both sides, we get:
4.5x = 72
Dividing both sides by 4.5, we get:
x = 16
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Place the steps taken at the end of the accounting period to complete the financial statement preparation process in the correct order:
1. Prepare the adjusting entries.
2. Prepare an adjusted trial balance.
3. Prepare the financial statements.
4. Prepare the closing entries.
The eight steps of the accounting cycle are as follows: identifying transactions, recording transactions in a journal, posting, the unadjusted trial balance, the worksheet, adjusting journal entries, economic statements, and closing the books.
What are the four steps at the stop of the accounting cycle?Companies prepare various monetary statements at the end of an accounting period, specifically the balance sheet, the income statement, the declaration of money flows and the statement of shareholders' equity.
The final step in the accounting cycle is to make closing entries via finalizing expenses, revenues and brief debts at the end of the accounting period. This includes closing out transient accounts, such as prices and revenue, and transferring the net profits to everlasting debts like retained earnings.
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https://brainly.com/question/25609789#SPJ4How long does an initial fraud alert stay on a consumer report?1 year7 years5 years90 days
An preliminary fraud alert lasts for one year. This is a clever choice if you're involved about fraud and favor lenders to take an extra step to confirm savings functions in your name.
How long does a fraud alert remain on your report?Initial fraud alerts and active-duty alerts expire after one year, and extended fraud signals stay on your deposit reviews for seven years unless you request the alert to be eliminated sooner. It's free to request a fraud alert, and you have the proper to request a new one to be delivered as soon as the cutting-edge one expires.
If you choose to get rid of your fraud alert or sufferer assertion earlier than it expires, you can do so both on-line at Experian's Fraud Center or via mail. To eliminate the alert online, you can upload the documentation verifying your identification alongside with your request to have the alert removed.
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https://brainly.com/question/29031124#SPJ4Suppose disposable income increases by $2000. As a result, consumption increases by $1500. The increase in savings resulting directly from this change of income is:
Let us say your disposable income rises by $2,000 This boost in income has resulted in a $500 increase in savings.
Disposable income is the same as net income. It is the sum that is left over after taxes. Discretionary income is the sum of net income that remains after paying for all necessities. These numbers are monitored by macroeconomic experts to learn how much money people borrow, spend, and save. The typical uses of disposable income are to cover debts, housing, and food costs. The government considers disposable income when assessing how much of a wage to withhold for unpaid back taxes or child support.
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Buying goods or services instead of producing or providing them in-house is called:a. downsizingb. outsourcingc. vertical integrationd. internationalizatione. entrepreneurship
The term buying goods or services instead of the producing or the providing them in-house is called "outsourcing". The correct option is B.
The outsourcing is the term in the economics and business that refers to the business or organizational activity in which the company or business can hire individual to perform their services and produce their company's products that were traditionally formed in the house.
The outsourcing's benefit is to improve focus on the core business activities, increased efficiency, controlled costs, increased reach, greater competitive advantage and offshore outsourcing issues. So, the outsourcing is buying goods or services instead of the producing or to providing them in-house.
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how to calculated total fixed cost with formula?
Total fixed costs (TFC) are expenses that don't alter no matter how much output or sales volume fluctuates. You can use the following calculation to determine total fixed costs: TFC = total cost-total variable cost.
Total cost in this formula refers to all business expenses, including both fixed and variable costs. The term "total variable cost" (TVC) describes expenses like the price of raw materials, packaging, and commissions that change depending on the volume of output or sales.
To further comprehend the formula, consider the following example: Let's say a company pays the following expenses: Cost as a whole: $100,000 . $50,000 is the total variable cost.
You would use the following calculation to determine the overall fixed cost of the company: TFC equals "total cost minus total variable cost. "TFC = $100,000 - $50,000, TFC = $50,000. Hence, $50,000 represents the total fixed cost of the company.
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what occurs in the process execution step of business process management?
All of the rules that apply before, during, and upon the process completion are carried out by the tool.
What does a business process include?Every business process consists of a series of connected steps that end with the provision of a good or service to a customer. This succession of tasks and tasks that, when accomplished, will accomplish the organizational goal is another description of a business process.
What is a step in a business process?Every business process is indeed an action or series of actions that fulfill a certain organizational objective. Business procedures should deliver consistent results, have clear objectives, and should be as precise as feasible.
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Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) the number of months needed to save the money at the monthly rate to buy the item for its cash price. A tv with a cash price of $600 at $59. 00 per month for 12 months.
The answer is a) The total installment price is 708.00. b) 108.00 is the carrying charges. c) The number of month is 11.
a) The cost is $59 for each of 12 months, so the total cost:
=12×$59
= $708
b) The "carrying charges" are the difference between what is paid and the cash price is:
= $708 -600
= $108
c) Saving at the rate of $59 per month, it will take ...
$600/($59/mo) = 10.17 mo
To save the money, he amount saved will be $590, or $10 short of the required amount after 10 months, so it will take 11 months to save enough for the cash purchase.
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Select the necessary words from the list of possibilities to complete the following statements.Statements Answer1. To __________ to information means to provide assurance as to its fairness and dependability. attest2. The AICPA requires members in public practice to obtain 120 hours of ___________ every three years. continuing education3. The two most essential qualities for a CPA to perform the attest function properly are professional competence and __________. independence4. The __________ regulates all accounting firms that audit public companies. Public Company Accounting Oversight Board5. Primary responsibility for audited financial statements rests with __________ even though the statements may be drafted and processed in the auditors' office. management
the company's management, which is being examined. The whole sentence is: "The management of the firm being audited has primary responsibility for the audited financial statements
Being accountable or responsible for one's actions, decisions, or commitments is a state or a fact. It entails taking responsibility for one's obligations, being dependable and trustworthy, and accepting the results of one's decisions. In both personal and professional settings, responsibility is an essential quality since it enables people to carry out their responsibilities in an efficient and moral manner. Being responsible in interpersonal interactions entails keeping one's promises and showing consideration for the needs and feelings of others. Responsibilities at work include completing duties to the best of one's abilities, meeting deadlines, and taking responsibility for one's errors. In general, being responsible is a crucial quality that promotes honesty, integrity, and
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Which of these is a psychological influence on the consumer behavior decision process? Multiple Choice : reference groups -culture -temporal effects -promotion -learning
There are four psychological factors that influence consumer behavior: Motivation, perception, learning, and attitude or belief system.
What aspects of customer behavior are influenced?Psychological (motivation, perception, learning, beliefs and attitudes) (motivation, perception, learning, beliefs and attitudes) Personal (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept) (age and life-cycle stage, occupation, economic circumstances, lifestyle, personality and self concept) Social (reference groups, family, roles and status) (reference groups, family, roles and status) Cultural (culture, subculture, social class structure) (culture, subculture, social class system).
Consumer psychology is the study of how people behave when it comes to their purchasing habits, mannerisms, and preferences with regard to consumer goods, as well as how they respond to and choose to use advertisements, packaging, and marketing for those products.
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if inventory is debited and accounts payable is credited, then the company uses the ______.
If inventory is debited and the accounts payable is credited, then company uses the accrual accounting method.
What is inventory?An inventory is a comprehensive list of a business's assets, including the quantity and value of its products or goods. This record helps companies keep track of their stock levels, monitor their assets, and make informed decisions about ordering and restocking. Maintaining an accurate inventory is crucial for businesses as it enables them to optimize their supply chain, minimize waste, and maximize profits. With the help of modern technologies such as barcode scanners and inventory management software, businesses can streamline their inventory management processes and stay competitive in today's fast-paced market.
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what development was most responsible for the growth of the northern maritime economy?
The development of steam-powered vessels was most responsible for the growth of the northern maritime economy.
The steam engine revolutionized maritime transportation, allowing for faster and more efficient travel and trade. This led to increased shipping traffic and the growth of port cities, such as Boston and New York, as major economic hubs.
Steamships could also navigate rivers and shallow waters, opening up new trade routes and markets. Additionally, steam-powered icebreakers allowed for year-round navigation in the northern seas, further expanding the reach of the maritime economy. As a result, the development of steam-powered vessels played a crucial role in the economic expansion of the northern United States in the 19th century.
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Real GDP, unemployment, and _____ are the main statistics used by economist to assess the health of the economy.
a. inflation b. sticky prices c. sticky wages d. flexible prices
Real GDP, unemployment, and inflation are the main statistics used by economist to assess the health of the economy. The Option A is correct.
How is inflation used to assess the health of economy?Inflation is defined as a rise in prices that results in a loss of purchasing power over time. The average price increase of a basket of selected goods and services over time can reflect the rate at which purchasing power declines.
Inflation seeks to assess the overall impact of price changes on a wide range of goods and services. It enables a single value representation of an economy's increase in the price level of goods and services over time.
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[True/False] Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase.
The given statement " Jelly and peanut butter are complements. If the price of peanut butter increases, the demand for jelly increases as well." is false because peanut butter and jelly are typically considered substitutes rather than complements.
If the price of peanut butter increases, consumers may look for alternative spreads or foods to pair with their jelly, leading to a decrease in demand for peanut butter and potentially also a decrease in demand for jelly. This relationship between peanut butter and jelly can be referred to as an indirect relationship, meaning that a change in the price of one good affects the demand for another good indirectly, through changes in consumer behavior.
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the major fossil fuels differ in the amount of carbon dioxide they emit into the atmosphere when burned. from worst to least, these are:________
Answer:
coal, oil, and natural gas
Explanation:
During the optimization process step of business process management, what are two key things manager look for in the process?
a. labor excesses and supply shortages
b. bottlenecks and excesses
c. individual process performance and whole process performance
d. potential slowdowns and savings opportunities
Business process management's Monitor phase is where bottlenecks and excesses in the engine are found. In the last stage.
Business process management (BPM) is a methodical approach for enhancing the procedures that businesses use to finish jobs, satisfy customers, and make money. Business process management is the practice of identifying, modeling, analyzing, measuring, improving, optimizing, and automating business processes. Any group of methods used to manage a business's commercial operations are referred to as BPM. During the Monitor phase, the team should keep an eye on the procedure, evaluating efficiency improvements and identifying any new bottlenecks. The team adjusts the procedure as needed to improve business activities in the final stage, Optimize. Bottlenecks and excesses in the engine are discovered in the Monitor phase of business process management. In the final phase
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