Answer:
imports exceed exports by $50 billion.
Explanation:
Calculation to determine how much imports exceed exports
Gross Domestic Product $1.2 trillion
Less Consumption ($690 billion)
Less Investment ($200 billion)
Less Government spending ($260 billion)
($1.2 trillion-$690 billion-$200 billion-$260 billion)
Then:imports exceed exports by $50 billion
Answer:
C) Internal production systems that could reduce costs by 30 percent below the current industry standards
Explanation:
VRIO can be defined as the tool used to analyze a firm’s <u>internal resources and capabilities</u> in relation to them being a source of sustained competitive advantage. It purports that organisations have to look inwards for development of competitive advantage.
VRIO is an acronym for a the four qualities that must be possessed if internal competencies must produce competitive advantage: Value, Rarity, Imitability, and Organization.
Hence in the case of Otion Inc, the right resolve and direction is its <u>internal</u> production systems being able to reduce costs by 30% below industry standards.
The key word is internal.
Answer:
C. Practicing effective corporate governance
Explanation:
Accounting scandals refer to the scandals of the business that occurs from the change in the financial statements that to be done in a deliberate manner also the disclosing information is misled. It involves an organization as a whole.
In order to prevent the accounting scandals and the global financial crisis it could practicing corporate governance in an effective manner
Hence, the correct option is C.
Answer:
b. All collections for sales are received immediately upon making the sales.
Explanation:
Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the
resources of an organization are been
measured as well as been directed and monitored.
It should be noted that Internal control procedures for cash receipts require that:.
✓Custody over cash is kept separate from its recordkeeping.
✓Clerks having access to cash in a cash register should not have access to the register tape or file.
✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
✓Cash sales should be recorded on a cash register at the time of each sale
Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.
Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to <u>convey information</u> regarding business activities.
