Answer: Detailed risk analysis
Explanation: All economist tend to access life and challenges by taking a critical look at the risks involved and possible ways of solving the challenges.
An example could be seen when setting up a business, the typical economist would analyse the risk associated with the business and possibility of the business failing or succeeding.
Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
The inventory turnover ratio is 2.7.
Answer: Decision-Making
Explanation:
Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.
These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.
Answer:
The answer to the question is customer- initiated touch point
Explanation:
In Hank Brigman's submission a touch point is the meeting point between customers and the organization in order to share vital information,negotiate business or zeal up a transaction.
When interaction is initiated by the customer, it is known as customer-initiated touch point.This is sometimes made possible by referrals from those customers who have made use of the product in the time past or due to a brand loyalty a product or service commands among its rival products or services.
Answer: Sarah failed to evaluate a potential ethical issue.
Explanation:
From the question, we are informed that Sarah who is the controller of a large beverage supplier, supervises two employees and that her boss, Vladimir, told her to increase the company's inventory balance for an amount that is material to the financial statements by crediting several small "miscellaneous" expense accounts.
We are further told that Sarah does not know the reason behind this but told one of her staff to make them because she has been instructed to do so.
We can see that Sarah failed to evaluate a potential ethical issue. She didn't evaluate the effect of what she is doing. In this case, what her boss told her to do could be a case of fraud and she just obliged without asking questions which will put her conscience at ease in case anything happens but the fact that she just did it without asking questions or thinking if what she has done is morally right or wrong, it shows that Sarah failed to evaluate a potential ethical issue.
