Answer: the other components that can be used include risk assessment, quality assurance check, strategic security frameworks and mode of governance.
Explanation:
Security management is simply a process that involve identification of an organisation's assets including the employees, customers, machines, Information assets followed by means to protect these assets. Organizations use these security management procedures and implementation to check risk, quality and threats.
Security manager should be a manager with the following attributes ;
- to implement a decent security/plan
- to lead actively
- to organise and control security function.
-to implement a good quality assurance check.
Wendy claims that the right mix of hamburgers and other goods is being produced, but that they are not being produced in the least costly way. Economist assess it in the way of allocative efficiency as well as the productive efficiency.
According to Wendy, allocative efficiency is achieved because the right mix of hamburger is produced, but at the same time productive efficiency is not achieved because the production is not utilizing cheapest possible means of producing the goods.
Allocative efficiency occurs when the consumer demand is completely met by the supply. In the other words, businesses are providing the exact supply which the consumers want.
Allocative efficiency occurs from the producers side as well as the consumers side. This happens when the demand is fully met, and production is optimized until marginal costs = marginal revenue . It means that no more profits are made.
Productive efficiency occurs when the businesses focuses on producing a good at the lowest possible cost.
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Answer:
Journal Entry for disposal (or) sale of Truck
Explanation:
- Truck (asset) sold for cash, bank, or on credit {On loss}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
P & L ac ... dr
to Truck ac ... 32000
- Truck (asset) sold for cash, bank, or on credit {On gain}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
to Truck ac ... 32000
To P & L ac
Answer: fall; decrease
Explanation:
People save in order to be able to consume in future. If it is discovered that there will be no fixture, there would be no need to save. The supply of loanable funds would therefore decrease as people stopped saving.
Because there is reduced loanable funds, less investments would be done as these require loanable funds. With less investments being done, the economic output will decrease.
Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
