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•Questions to be addressed in this chapter include:
–What are the basic business activities and dataprocessing operations that are performed in theproduction cycle? –What decisions need to be made in the productioncycle, and what information is needed to make thesedecisions? –How can the company’s cost accounting system helpin achieving the entity’s objectives? –What are the major threats in the production cycleand the controls that can mitigate those threats?