Answered

4.2 What internal control measures must be put in place to improve the
profitability of the business? Mention any TWO.



Answer :

GinnyAnswer

Final answer:

Implementing quality control standards and monitoring systems can boost a business's profitability significantly.


Explanation:

Internal control measures play a vital role in enhancing a business's profitability. Two key measures that can be implemented are:

  1. Establishing Quality Control: Ensuring that products or services meet the desired standard can reduce costs related to rework or returns, thus improving profitability.
  2. Standardization and Monitoring: Utilizing systems like ISO 9000 for documentation correctness and statistical tools for stability monitoring can enhance efficiency and reduce errors, leading to higher profits.

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