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2 years ago

A standard approach to risk benefit analysis should be incorporated into an agency's?

Business

1 answer:

Delvig [45]2 years ago

3 0

A standard approach to risk benefit analysis should be incorporated into an agency's? Standard operating procedures.

<h3>What are Standard operating procedures?</h3>

A standard operating procedure is a set of detailed instructions created by a company to aid employees in doing common tasks. SOPs are designed to increase productivity, quality output, and consistency of performance while minimizing misunderstandings and noncompliance with industry rules.
A standard operating procedure (SOP) is a detailed collection of guidelines that aids personnel in carrying out their duties consistently. Simply said, a SOP is a frequent type of process documentation and it outlines how a specific process operates.
The policies, methods, and standards provided by standard operating procedures are essential to the success of the business. They can help a company by decreasing errors, boosting productivity and profitability, fostering a safe workplace, and developing procedures for dealing with problems and overcoming barriers.
When presenting information in your Statement of Purpose, be clear, succinct, and truthful. For instance, it wouldn't be remarkable to just say, "I am interested in pursuing my master's in CS from your university," if you have applied for an MS in CS (Computer Science).

A standard approach to risk-benefit analysis should be incorporated into an agency's? Standard operating procedures.

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When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect?

VladimirAG [237]

When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect. A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. T<span>he change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.</span>

4 0

4 years ago

During 2015, Bears Inc. recorded credit sales of $680,000. Before adjustments at year-end, Bears has accounts receivable of $300

Rufina [12.5K]

Answer:

Bad Debts Expense Debit $ 34,440

Allowance for Uncollectible accounts Credit $ 34,440

Explanation:

Computation of amount of uncollectible balances to be recorded

Total accounts Receivable $ 300,000

Accounts past due <u>$ 51,000</u>

Accounts not yet past due $ 249,000

Estimated uncollectible from not yet past due 10 %

Estimated uncollectible from past due 24 %

Estimated uncollectible from not yet past due 10 % * $ 249,000 = $ 24,900

Estimated uncollectible from past due 24 % * $ 51,000 = <u>$ 12,240</u>

Total Estimated Uncollectible amounts = $ 37,140

Available balance in Allowance account $ (2,700)

Allowance for uncollectible accounts to be recorded <u>$ 34,440</u>

8 0

4 years ago

_____ determines the boundaries of the firm along three dimensions: vertical integration (along in the industry value chain), di

pashok25 [27]

Answer:

The correct answer is D

Explanation:

Corporate strategy is the kind of strategy which plan to select as well as develop the specific markets in which to compete when improving the divisions as well as units of the business.

This strategy involve 2 components, which are moving to new industries and diversification, which states expanding the area of the market.

So, the corporate strategy is the one which determine the boundaries of the business in 3 dimensions like geographic scope, diversification and vertical integration.

3 0

3 years ago

Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total

tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0

4 years ago

In an investment center, the manager has the responsibility for and the authority to make decisions that affect a. both costs an

yaroslaw [1]

Answer:

The answer is B.) Cost, revenue, and assets invested in the center

Explanation:

An investment center is a responsibility center in which the department manager is responsible for costs, revenues and assets for the department.

An investment center is also a business unit in a firm that can utilize capital to contribute directly to a company's profitability.

Examples of departments that make up the cost center are the human resource and marketing departments, units that falls under a profit center include the manufacturing and sales department.

6 0

3 years ago