Answer:
d. fraud will be detected by IT monitoring systems and punished by the legal system
Explanation:
Fraud prevention is the measures that can be taken in order to detect and prevent fraudulent activities among employee and others in an organization or financial institution to prevent financial and material loss.
There are many ways in which frauds can be detected and prevented with the help of new technologies such as installation of closed circuit cameras and others.
It should be noted that that one of the
single-most effective fraud prevention tactic is making employees know that fraud will be detected by IT monitoring systems and punished by the legal system
The kinked-demand curve model of oligopoly is useful in explaining Multiple Choice why oligopolistic prices might change infrequently. the process by which oligopolists merge with one another. why oligopolistic prices and outputs are extremely sensitive to changes in marginal cost.
Answer:
why oligopolistic prices might change infrequently
Explanation:
A kinked demand curve model states that participants in an oligopoly market will be hesitant to increase their price if another competitor increases their price, but will decrease their price in case another competitor decreases their price. I.e. a price increase does not generate a lot of reactions by the suppliers, but a price decrease will be matched by all the other suppliers.
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a(n) _____ system.
Answer:
differential rate.
Explanation:
A pay structure in which more efficient workers earn higher wages, as suggested by Frederick W. Taylor, is known as a differential rate system.
According to Frederick Winslow Taylor, a mechanical engineer and father of scientific management, some efficient workers may earn higher wage than their colleagues.
_____ managers are responsible for departments that perform a single functional task and have employees with similar training and skills.
Answer:
Functional
Explanation:
Functional managers are responsible for the management and provision of control over a business unit in an organisation. They manage people and the resources in a business unit such as marketing, customer care unit etc. One of the many advantages of functional management in an organization is that they focus on certain area of specialization, meaning that workers have special skills related to their job functions.
A copy machine cost when new and has accumulated depreciation of . Suppose discards this machine and receives nothing. What is the result of the disposal transaction?
Answer:
$1,000 loss
Explanation:
The numbers are missing here, so I looked for a similar question:
A copy machine cost $5,000 when new and has accumulated depreciation of $4,000.
The carrying value of the copy machine = purchase cost - accumulated depreciation = $5,000 - $4,000 = $1,000
if the copy machine is discarded and doesn't get any money for it, this will result in a loss equal to the carrying value = $1,000
Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:
Answer:
Computerized accounting has a lot of advantages over manual accounting when rightly implemented
Explanation:
Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.
It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.
Which of the following regarding Master Budgeting is true?
a. The manufacturing overhead budget is typically prepared before the production budget.
b. The first budget a company prepares in a master budget is the production budget.
c. When preparing a direct materials budget, the units of raw material needed to meet production should be added to desired ending inventory and the beginning inventory for raw materials should be subtracted to determine the amount of raw materials to be purchased.
d. The cash budget is usually prepared after the budgeted income statement.
Answer:
Statement A, C and D
Explanation:
a. All the direct expenses budget is prepared in order to compute direct material, direct labour and other manufacturing overheads in order to compute the production budget cost. As all these are essentially required in order to make a production budget.
b. The first budget is usually the revenue or sales forecast budget.
c. Direct material to be bought = Direct Materials required in production + Closing inventory to be maintained - Opening inventory already available.
d. Cash budget not only comprises of inflow, but outflow is also as important as inflow. When all the incomes and expenses are budgeted then cash budget is prepared.
Answer:
c. When preparing a direct materials budget, the units of raw material needed to meet production should be added to desired ending inventory and the beginning inventory for raw materials should be subtracted to determine the amount of raw materials to be purchased.
Explanation:
The master budget refers to the budget in which the expenses, sales, purchases, are recorded
It can be sales budgets, purchase budgets, etc that comes under the operating budget
While preparing the direct material budget, the raw material required to be purchased should be find out by using the following formula
= Ending inventory balance + cost of sales - beginning inventory balance
Or we can say
Cost of goods sold = beginning inventory + raw material purchase - ending inventory
hence, the correct option is c.
Which of the following is a benefit of outsourcing? a. It makes employees self-reliant. b. It helps a firm meet its expansion needs. c. It eliminates jobs that tend to be repetitious. d. It reduces a firm's risk of facing intellectual property theft.
Answer:
C. It eliminates jobs that tend to be repetitious.
Explanation:
Outsourcing is usually engaged in business to beat down the cost of production, it is the act in which a particular company invite another company from outside to carry out some service for them on agreement however, this service is been carried out at home.
It should be noted that one of the benefit of outsourcing is that It eliminates jobs that tend to be repetitious.
Suppose that a consumer has a marginal propensity to consume of 0.7. If this consumer earns an extra $2, her consumption spending would be expected to
Answer:
Her consumption spending will rise by $1.40
Explanation:
Marginal propensity to consume is 0.7. This information means that the individual will consume 70% of every single dollar she earns. Hence, if she consumer earns an extra $2, her consumption spending will rise by $1.40
Directly comparing a static planning budget to actual costs helps to distinguish between differences in costs that are due to changes in activity and differences that are due to how well costs were controlled.
a. True
b. False
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, the name of "Static Planning Budget" refers to a type of budget that is used by the companies who need to keep the track of the information regarding the costs of the production and much more. The principal characteristic of this type of budget is that, as its name says, it stays static during the whole production, no matter what changes truly happen during the process. Therefore that this budget focus on keeping everything going as planned and not chaning anything. That is why that directly comparing it with the real costs will help to see the differences that happended because of the changes in activity and how well the costs were controlled by the company.
Directions: Something that is valuable is scarce and give utility. Something that isn't value either doesn't give utility, or it is not scarce. Identify 2 objects in your house: one object must have value to you or your family (think about how upset you or your family would be if was lost, stolen, or broken). The other object must have little value (nobody would really notice or be upset if it was lost, stolen, or broken). Explain why these objects are valuable/not valuable in terms of utility and scarcity. Object 1: Object 2:
Answer:
Scarcity and Utility
I will explain the concepts of scarcity, value, and utility using my laptop and some writing pens. I have only one laptop available in my family. I use it 24-hours daily. I attach so much value (utility) to the laptop because it is only one. It is very scare in my household. On the other hand, I have a packet of writing pens. Pens are relatively not scare in my household. If my laptop is missing, I will raise uproar in the house. Everybody present will answer a tedious query. But, if one of the pens gets missing, I may not even be aware that it is missing. At the moment, I do not attach much value (utility) to the writing pens because I have many of them presently . Writing pens are not scare in my household, as I said earlier.
Using these examples, I have demonstrated the concepts of scarcity, utility, and value.
Explanation:
Therefore, scarcity is defined by the value and the relative availability of a good. Scarcity is a basic economic problem that shows the gap existing between limited resources and unlimited needs. Based on the lack experienced with satisfying a need, one has to always choose between alternatives in order to maximize resource allocation and utility.
Utility in Economics refers to the value or satisfaction derivable from the meeting of a human or economic need. It is initially connected to the concept of scarcity. But after attaining some level of utility, scarcity temporarily evaporates. And this is the dividing thin line. This is why they are mostly used together. "Something that is valuable is scarce and give utility." Something that is not highly valuable is not usual scarce and does not give much utility, at least, to an extent.
Withdrawal of Finished Goods from stock for destructive testing:
a. Reflects the issuing of Raw Materials or Semi-Finished Goods to a Production Order
b. Reflects the completion of production and the movement of Finished Goods to storage
c. Indicates shipment of Finished or Trading Goods to a customer Scrapping obsolete material.
Answer:
Explanation:
Destructive testing is a quality affirmation procedure where a specimen of an item produced is subjected to a destructive physical analysis in order to understand its performance and behavior under different unfavorable conditions and situation . Examples are tension tests ,bend tests and pressure test.
It is always a last stage of a production procedure that occurs after the completion of production before storage.
For finished goods , destructive testing reflects the completion of goods and and the movements of the finished goods to storage.
A service manager would like to send out e-mails to his customers regarding an upcoming national service promotion. When is he allowed to announce the promotion?
Answer: At the same time Nissan announces the promotion
Explanation:
Considering the competition in the market, companies tend to promote their service almost at the same time, so they can give their customers options to choose from that which their opposition gave. That's why you'll observe that Toyota releases a car this year and the same month Kia releases theirs. This is to create a room of competition in the mind of their clients.
What accounting principle states that an asset or liability should be recorded at the amount given or received in the exchange transaction
Answer:
Historical cost.
Explanation:
Historical cost is an accounting principle which states that an asset or liability should be recorded at the amount given or received in the exchange transaction.
Under the Generally Accepted Accounting Principles, the historical cost concept is used for fixed assets in the United States of America. It is also known as the cost principle of accounting.
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the
Answer:
Civic 50.
Explanation:
Bloomberg LP, in partnership with the National Conference on Citizenship and Points of Light, has created a scorecard of America's top community-minded companies which they call the civic 50. It was launched in the United States of America in 2012 and is a program designed and established to recognize and honour the fifty (50) most philanthropic, community-minded or socially responsible companies in the United States of America each year, determined by True Impact through an annual survey. These fifty (50) companies are selected based on this criteria; investment, integration, institutionalization and impact.
According to this doctrine, an agency relationship which is created after the fact when the principal agrees to be bound by the actions of the agent who was acting without authority, is known as...?
Answer:
Agency by ratification
Explanation:
Agency by ratification is a situation where an agent or a company performs an act while claiming to be the agent of another person without his knowledge.
The principal later accepts and recognises the action as being on their behalf after the fact.
Normally the action by the agent would be invalid, but if it is recognised by the principal it is called agency by ratification and the action is now valid.
When an unauthorised action is taken on behalf of a principal he has the final decision on whether to adopt by signing, or not to adopt
WILL GIVE BRAINLY!!!!!!!!!!
Explain the differences between occupations, industries, and work options.
Answer:
In general, an industry refers to the type of firm for which a person works. ... However, the final product or service is usually similar for establishments within an industry. On the other hand, an occupation refers to a specific task or set of tasks.
What does this sign mean?
Answer:
Pedestrian : A person who walks on foot rather than in vehicles.
what is medium level profession
A residential property sold for $482,500. You estimate the land value to be $150,000 and the site improvements to be worth $25,000. The house contained 2,930 square feet of GLA. What is the indicated allocated value per square foot of the dwelling?
Answer: $104.78
Explanation:
Total allocated value per square foot = Selling price - land value - site improvement
= 482,500 - 150,000 - 25,000
= $307,000
Allocated value per square foot = 307,000/2,930
= $104.78
What is the relevance of microeconomics to an entrepreneur? How does the law of demand affect an entrepreneur’s decisions?
Explanation:
Microeconomics helps businesses understand why consumers choose to spend their money and on what. The science behind the way consumers and even businesses purchase can influence what is sold, how and why. Ultimately, nearly all business is about supply and demand.
The equipment and software Sparky wants to purchase will allow the computers used to design motors to be linked directly to the computer-aided equipment on the factory floor. Sparky is proposing to set up a(n)
Answer:
six sigma
Explanation:
Six sigma can be define as a management technique that is aimed at improving business so that the space for errors can be seen vividly.
The six sigma was invented in 1968 by an engineer with the aim of removing stains from clothes aside
From the question, it can be see that the sparky does not want equipment it is why he has conneted his production to a certain life
Thanks.
A _____ is a broad group of people or organizations that has wants and needs that can be satisfied by a general product category, has the ability to purchase the product and is willing to exchange resources for the product. An example would be all the families with new babies who need to buy a crib, have the money for a crib and are willing to spend the money necessary to buy a crib.
Answer:
market
Explanation:
Which of the following would be a producer?
Csomeone owning a book store
Csomeone shopping in a grocery store
Csomeone putting gas in a car
Csomeone waiting in line at a bank
Someone owning a book store would be a producer.
Who is a producer?This is an individual or firm that is involved in production process such as buying of raw materials and the transformation into a finished product.
The person could be involved in rebranding or packaging.
Therefore, Someone owning a book store would be a producer.
Learn more on producer here,
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10) Convexity of indifference curves implies that consumers are willing to A) settle for less of both "x" and "y". B) give up more "y" to get an extra "x" the less "x" they have. C) acquire more "x" only if they do not have to give up any "y". D) give up more "y" to get an extra "x" the more "x" they have
Answer:
The correct answer is the option B: give up more "y" to get an extra "x" the less "x" they have.
Explanation:
To begin with, the indifference curves are the ones that show the relationship that exists between two goods and its how much the consumer values its consumptions becuase it indicates how much of a good is able to lose in order to obtain more of the other. These indifference curves have certain characteristics and conditions, one of them is the fact that they are always convex. And that is because they will show how much of a good they will be able to lose in order to get an extra of the other good that they have less of it.
What is an accurate definition of an ability?
Answer:
Ability is possession of the means or skill to do something.
Answer:
ability and talent mean physical or mental power to do or accomplish something.
Explanation:
I hope this helps. xD
Indicate whether the following events would cause an "increase or a decrease in demandLOADING..." or an "increase or a decrease in the quantity demanded" for cable-based Internet access service, which is a normal good. a. Firms providing wireless (an alternative to cable) Internet access services reduce their prices. This will cause a(n) A. increase in demand. B. increase in quantity demanded. C. decrease in demand.
Answer:
A. increase in demand.
Explanation:
In this specific scenario, a reduction in the prices of these services would cause an increase in demand. This is because the prices will become very competitive to those already in the market, which will ultimately entice customers to want the service as they will be saving a large percentage of money and still acquire the internet services that they require.
In an attempt to increase sales, JCPenney has increased its advertising and sales promotions in its current markets, hoping to attract new customers and get existing customers in the doors. Which growth strategy is JCPenney employing
Answer: Market penetration
Explanation:
Market penetration can be defined as the comparison of the assessment of how much product has been sold relative to the total market has been estimated to be covered for that particular product. It is expressed in percentage. The market penetration can be enhanced by increasing the advertisement of the product and promoting the sales.
Hence, market penetration is the growth strategy, which JC Penney is applying.
Sheridan Company started the year with total assets of $214000 and total liabilities of $124000. During the year the business recorded $339000 in revenues, $150000 in expenses, and dividends of $65000. The net income reported by Sheridan Company for the year was
Answer:
Net income is $189,000
Explanation:
Net income for the year = Revenue - Expenses
= $339,000 - $150,000
= $189,000
In bronfenbrenner's model, marrying and getting divorced are examples of
Answer:
In bronfenbrenner's model, marrying and getting divorced are examples of ecological transitions
Many cutomers feel neglected once they place an order with a company because the saleperson has many new customers and is not as attentive as he or she was previously.
a. True
b. False
Answer:
a. True
Explanation:
Lets imagine an example that can happen to anyone: A salesperson contacts you several times because you are interested in buying a new car but you are not sure which one. Once you decided which car you want and place your order, you generally have to wait a few hours or even a couple of days. But after the sale was closed, the salesperson disappears and if you want to ask him/her about your car, he/she is too busy and tells you to contact someone else in the company.
This happens not only with cars, it also happens when you place certain custom orders, insurance policies, etc. Once the deal is closed and you pay, the salesperson turns away and looks for new clients. This is extremely frustrating and yes, makes you feel neglected.