Internal control objectives remain essentially the same although technology, risks, and control methods change. Thus, many concepts of control (management's responsibility, the role of the control environment, reasonable assurance, monitoring, and cost-benefit analysis) are relevant regardless of IT changes.
<h3>What is
technology?</h3>
- The use of skills, methods, and processes utilized in industrial production and scientific study combined with collected knowledge to create technology.
- All equipment and electronic devices operate using technology, whether or not the user is fully aware of how they work for the organization's goals.
- Systems make up the technologies used in modern life.
<h3>Why is technology so important in today's world?</h3>
- Information sharing, meal preparation, clothing cleaning, and transportation are all things we do with the help of technology.
- However, even commonplace technologies like door locks, floor tiles, and furniture are things we now take for granted and that we consider to be less spectacular than 3D printing or self-driving automobiles.
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Answer:
the variable cost ratio is 60 % (option d)
Explanation:
The variable cost ratio (VCR) represents the ratio of variable costs to sales. Therefore
VCR = (total variable costs)/(total sales)
since
total variable costs = variable costs * services provided = $21/hour * 12000 hours/year = $252000 /year
total sales = price of service * services provided = $35/hour * 12000 hours/year = $420000 /year
thus
VCR = ($252000 /year) / ($420000 /year) = 0.6 = 60 %
Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will
- fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.
In the long run it may stay the same. But the Real GDP will definitely be lower.
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Direct marketing element is used in this case.
<u>Explanation:</u>
Direct marketing in one of promotional methods of marketing that not only involves the description of product and company but also targets the customers. Through this method, the products are sold directly to public and there is no involvement of any middleman. An offer is communicated to a pre-slected customer and is told about the product information and its features.
Thus, in the given case, the promotional method that is being used in direct marketing method.
