<span>Reliability requirements describe the dependability of a system such as service outages and incorrect processing.
in FURPS+ acronym, R stands for reliability in which we check for system failures predictable, accuracy, recoverable etc.
F stands for functionality, u stands for usability, R for reliability, P for performance, S for supportability and Plus for other constraints. Robert Grady of HP devised this FURPS+ acronym.
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Answer:
B. bounded rationality.
Explanation:
Bounded rationality -
It refers to the idea where the decisions of the people are rational , within a limit of the specific information known and the mental capabilities , is referred to as the bounded rationality .
The concept was given by Herbert Simon .
As the thinking capacity and the information have some limit , hence the decision are also limited .
Hence , from the given scenario of the question ,
The correct answer is bounded rationality .
Answer:
D. $12,400
Explanation:
Use the following formula to calculate the Bad debt expense for the period
Bad debt expesne = Debit balance of Allowance account + Allowance for the period
Where
Debit balance of Allowance account = $400
Allowance for the period = Account receivables x percentage of allowance = $1,200,000 x 1% = $12,000
Placing values in the formula
Bad debt expesne = $400 + $12,000
Bad debt expesne = $12,400
Answer:
C. adjust the balance in the firm's checkbook to reflect the data that appears in the bank's records.
Explanation:
The bank reconciliation statement is prepared by the firm to reconcile the balance stated by the bank and that recorded in the firm's books. The bank balance in the firms books may differ from that recorded by the bank. The reasons for this is usually due to the recognition of some transaction by the firm that are yet to be recognized by the bank or transactions recorded by the bank, yet to be recognized in the firm's book.
Examples of such are unpresented cheques, uncredited lodgements etc. The difference are usually said to have arising as a result of a timing difference in recognition of transactions impacting the firm's account with the bank by both parties.
Considering the options;
A. is not right as the cheque has been returned. This will result in a difference between the book balance and the bank balance as the bank would not record the cheque but this would have been recorded by the firm.
B. The bank must have had a legitimate reason for returning the cheque. As such the cheque has to be honored first by the bank before being recognized. In light of this, option B is not right as the difference in balance per bank and per the firm would not have been corrected
D. Since the cheque has been returned by the bank, it is no longer outstanding as the cheque is no longer with the bank and as such it is known to the firm that the transaction for the cheque has failed to pull through.
C. With the cheque returned already, meaning it is no longer issued, necessay adjustments should be made in the firm's checkbook to reflect the data that appears in the bank's records.
Hence Option C is the appropriate action to be taken by the firm.
My personal opinion on whether companies should keep a standardized approach or adapt to local markets is:
- They should adapt to local markets because the needs of the people can easily sustain the business and the business can change their policies based on changing outcomes.
<h3>What is a Local Markets?</h3>
This refers to the demand of customers for a particular good or service in a given area and this is a better method than standardization as this would help to sustain the business.
With this in mind, we can see that adaptation to local markets is vital because this would enable the business owner to analyse the needs of the people and supply them.
Read more about local markets here:
brainly.com/question/25629927