Clearly establishing responsibilities and assigning all accounting activities to one person is an important principle of internal control. a) true
b) false

b) False

Explanation:

Internal control refers to the process in which the assurance is given with respect to the objectives of an organization so that the operations of an organization could be done in an efficient and effective manner. Moreover, it should also compliance with rules and regulations

There are various principles of the internal control system that includes separation of duties, authorization of business transactions and its activities, keeping physical records and control over assets

Therefore the given statement is false

answer; the correct answer is (direct foreign investment);

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"