Internal control is defined as the procedures and processes used by a company to safeguard its assets, process information accurately and to ensure compliance with laws and regulations.
<h3>Internal control</h3>
Internal controls also include the measures a company takes to ensure its employees comply with all laws and regulations and do not steal company assets. Physical controls like door locks, area restrictions, safes and surveillance equipment are internal controls, too.
Internal controls are policies, procedures, and technical safeguards that protect an organization's assets by preventing errors and inappropriate actions. Internal controls fall into three broad categories: detective, preventative, and corrective.
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Answer:
Could you be more clear!?
Explanation:
Answer:
b.
Explanation:
Based on the information provided within the question it can be said that this is a liquidated damages clause if the amount is a reasonable estimate of the loss on a breach. This a safety feature placed in order to recover money lost on the negligence of the party that breached the contract, so that the other party does not suffer much loss.
<span>Insurance companies have always been very concerned about the problem of a policyholder having duplicate coverage
with more than one insurance company with the result that you make a
profit from the claims you submit to more than one insurance company for
the same expenses.</span>
Answer:
The labor force will consist of 10,370 workers, and the unemployment rate will be 6.1 %
Explanation:
The labor force includes employed workers and unemployed workers who are looking for a job.
Labor force at the beginning of the year is 10,000.
Labor force at the end of the year
= Total labor force at the beginning of the year + Workers returned to the labor force + New workers added to the labor force - Workers who retired or left the labor force
= 10,000 + 170 + 500 - 300
= 10,370 workers
Number of unemployed at the end of the year
= Number of unemployed at the beginning of the year + Workers who lost their job + New entrants into the labor force + Workers who had returned to the labor force + Voluntary unemployment - Wokers who got employed
= 600 + 200 + 500 + 170 + 100 - 933
= 637 workers
Unemployment rate
=
= 
= 0.0614 or 6.14%
