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1 year ago

Which one of the following is not a primary component of an internal control system?

Business

1 answer:

Bond [772]1 year ago

5 0

The following is not a primary component of an internal control system Control environment .

The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.

Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.

Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.

Learn more about Internal controls here

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Zach is a salesperson at a large medical supply company. the company wants zach to learn to manage multiple departments, so it o

artcher [175]

Answer: Payment for Knowledge

Explanation:Training is a key aspect for a company's improvement development and success. It is beneficial to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.

Due to the continuous updates and improvement in the world technology relating to businesses, Most Organisations are willing to pay for training thier employees off the job so to cope up with those changes, improve the working conditions, and enhance their knowledge.

Even though such training are costly,on the long run, they improve efficiency and productivity of employees. Well trained employees show both quantity and quality performance leading to optimal use of time, money and resources.

The company seeking for Zach to learn to manage multiple departments, and proferring to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree shows that the company is willing to pay for more knowledge as that hopefully will go a long way to improve their productivity when he returns.

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3 years ago

Managers at Flavors, a restaurant chain, train their employees such that in the absence of employees, someone trained in the

lutik1710 [3]

Full question:

Managers at Flavors, a restaurant chain, train their employees such that in the absence of employees, someone trained in the same skills can step in and do the job equally well. Thus, many modules in training are extensive as they provide employees with details of the skill sets required for different jobs. In practice, this lengthy training program does help the company as a well-trained and flexible workforce is at their disposal at all times. The managers at Flavors use ________.

A. job sharing

B. vertical enhancement

C. flextime

D. job rotation

E. telecommuting

Answer:

The managers at Flavors use job rotation

Explanation:

Job Rotation is an administration approach where employees are stirred within two or more jobs at fixed intervals of the chance to show them to all verticals of an association. It is a well-planned system to overcome the monotony of performing the same kind of job every day and examine the unknown potential of an employee.

By alternating their jobs, you improve balance the uncertainty of exhaustion. If an employee leaves you to hold other employees competent in reaching the left employee’s tasks.

3 0

3 years ago

A small increase in output that causes a proportionately large increase in the price level indicates that the economy is operati

grin007 [14]

Answer:

b. on the neoclassical zone of the aggregate supply curve.

Explanation:

An increase in the input prices will shift the supply curve upwards.

This will have larger effect in the neoclassical zone of the supply curve

Because the keynesian zone is in recession and most likely, deflation the price level will not rise as there is not enought demand to met the price.

In the neoclassical zone, he economy is near the potencial GDP thus, if an input price increase the supply curve shifting left- upwards inceasing the price levels.

8 0

3 years ago

The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity and price? Price per Pound Qd

Hoochie [10]

Answer:

Equilibrium price is $8

Equilibrium quantity is 21

Explanation:

Equilibrium occurs where quantity demanded equals the quantity supplied. At equilibrium, both buyers and sellers are satisfied and there's no incentive to change the price and quantity demanded.

Equilibrium price is the price where equilibrium occurs. In this question, it is $8.

Equilibrium quantity is the Quanitity where equilibrium occurs. In this question, it is 21.

Graphically, equilibrium is found where the demand curve intersects the supply curve.

Please check the attached image for a graphical representation of Equilibrium.

I hope my answer helps you

8 0

3 years ago

Chipata Corporation applies manufacturing overhead to jobs on the basis of machine-hours. Chipata estimated 25,000 machine-hours

serious [3.7K]

Answer:

b. $820 underapplied

Explanation:

As per the given question the solution of underapplied or overapplied overhead for the year is provided below:

here, we will find first predetermined overhead rate to reach the underapplied or overapplied overhead

Predetermined overhead rate = Estimated manufacturing cost ÷ Estimated machine hours

= $10,000 ÷ 25,000

= $0.40 per machine hour

Manufacturing overhead underapplied or overapplied = Actual manufacturing overhead - Applied manufacturing overhead

= $11,300 - (25,200 × $0.40)

= $11,300 - $10,480

Manufacturing overhead underapplied = $820

To reach Manufacturing overhead underapplied we simply put the values into formula.

6 0

2 years ago