Answer:
The Answer is Capital.
Explanation:
In Economics, we identify that there are 4 main factors that contribute to the production, we call them "factors of production" and they are,
- Land: Not just "land" but also includes all the natural resources that could be extracted and used for any production purposes.
- Labor: Mental and physical efforts carried out by humans in the production process.
- Capital: Assets or anything that can enhance/boost the ability to produce. Usually, these are generated or created as a result of human interventions and efforts.
- Entrepreneurship: the set of skills required to coordinate and manage the process of production successfully.
So, under which category of factors that the computers fall under? Simple right? Its 3.Capital! because they are assets that are created by humans to aid in enhancing the production capabilities!
Product warranties, effects of environmental problems, and lawsuits are examples of transactions or events that give rise to Contingency.
<h3><u>
What is Contingency?</u></h3>
- A contingency is the potential possibility of a bad event, such as a pandemic, economic downturn, natural disaster, fraud, or terrorist attack. The coronavirus outbreak that struck businesses in 2020 made many employees reliant on remote work.
- Companies had to adopt a remote work strategy as a result. Working remotely wasn't an option for some organizations, though, and as a result, increased security measures for both employees and clients were put in place to stop the virus from spreading.
Although contingencies can be planned for, it is often impossible to predict the kind and breadth of such unfavorable events in advance. Businesses and investors conduct analyses and put defensive measures into place to prepare for potential possibilities.
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Answer:
Please refer the detail answer below
Explanation:
Store to Manufacturer ------ Request delivery schedule
Buyer to Manufacturer ------- Frequent, direct reorder
Manufacturer to Distribution Center and Buyer ------ Advanced shipping notice
Store to Distribution Center ----- Corporate inventory order
Customer to Store ----- Smart TV purchased
Store to Buyer ------ POS terminal sends data
Answer:
d.guarantee the company will earn a profit
Explanation:
Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.
Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc
Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.
Hence Internal control does not consist of policies and procedures that guarantee the company will earn a profit.
The right option is d.
A petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.
<h3>What is petty cash?</h3>
A petty cash fund is a small amount of cash, used to pay for minor expenses, such as office supplies or employee reimbursements.
It is the pet a actual ledger book, rather than a computer record.
Hence, a petty cash fund is used for small payments in order to avoid the time and cost of writing checks for small amounts.
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