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2 years ago

What do we call risks in the absence of controls and after controls have been implemented?.

Business

1 answer:

SashulF [63]2 years ago

8 0

Risk that exists both before and after controls have been put in place is known as inherent risk.

What is risk?

The term "risk" refers to degree of unfortunately and possibility of loss, injury and hazard. Risk is barrier in the organization.

The various risk levels in a process that have not been regulated or mitigated by risk management are referred to as inherent risk. The level of risk present even in the absence of safeguards is known as inherent risk.

As a result, Inherent risk is risk in the absence of controls and after controls have been implemented.

Learn more about on risk, here:

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A creamery shop sells its special ice cream for $4.50 a quart. It costs them $3.00 a quart to make it. The daily demand for this

jenyasd209 [6]

Answer and Explanation:

The computation of the service level and the corresponding optimal stocking level is shown below:

Given that

Selling price = SP = $4.50

Cost price = CP = $3.00

So,

Salvage value = V = $1.50

Average daily demand (d) = 35 quarts

The standard deviation of daily demand = 4 quarts

based on the above information

Overage cost = (Co) is

= CP - V

= $3.00 - $1.50

= $1.50

Now

Underage cost= (Cu)

= SP - CP

= $4.50 - $3.00

= $1.50

So,

Service level is

= Cu ÷ (Co + Cu)

= 1.50 ÷ (1.50 + 1.50)

= 1.50 ÷ 3.00

= 0.50

= 50%

Now

At 50 % service level, the value of Z is 0

So,

Optimal stocking level is

= d + Z × standard deviation

= 35 + (0 × 4)

= 35 + 0

= 35 quarts

7 0

3 years ago

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu

son4ous [18]

I’m not sure if I understand this,

But I’ll try to figure this one out

Just give me some time

3 0

3 years ago

ANSWER QUICKLY PLEASE: What do certifications show a potential employer? Answer in 3–4 sentences.

Nat2105 [25]

Answer: That you are qualified for the job role

Explanation:

Certifications allows an employees to show a current or future hiring manager that they possess the skill set and expertise needed for the job.

They help the employers hire the most competent and qualified personnel for the job as it shows you know your way around the job. And when that certification is now backed by real world on the job experience, this gives the hiring manager a sense of security.

3 0

3 years ago

A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest of the adult pop

Serggg [28]

The unemployment rate is calculated as the number of eligible persons that are unemployed.

So we would need to remove all the population that is out of the workforce (those who are not eligible to work like the elderly or children).

We know that the total population is 8,000,000 and we can account for 5,500,000 of them so the eligible population of workers is 5,500,000.

If 500,000 of them are unemployed, the rate would be 500,000/5,500,00 or 9%

To find the share of the labor force, take the total eligible (5,500,000) divided by the total population (8,000,000)

5,500,000/8,000,000 = 68.8% of the total population is in the labor force.

5 0

3 years ago

If the consumption function is C = 100 + 0.75Y and planned investment spending is 500, what will be the equilibrium level of

snow_lady [41]

Answer:

The equilibrium level of output will be Y=2200

Explanation:

Comnsider the following formulas to solve the exercise.

1. Using the Expenditure approach to GDP,

Y=C+I+G

Y=200 + 0.75(Y-200)+200+300

Y=700+0.75Y-150

0.25Y=550

The equilibrium level of output will be Y=2200

7 0

3 years ago