Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.
<h3>What is accounting system?</h3>
An accounting system is a collection of accounting operations with built-in controls.
Effective decision making through given accounting system are-
- This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
- It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
- Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.
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The capital adequacy ratio (CAR) calculates a bank's available capital as a proportion of its risk-weighted credit exposures. The capital adequacy ratio, is commonly known as the capital-to-risk weighted assets ratio (CRAR). A leverage ratio is any of a number of financial metrics that examine the amount of capital that is borrowed (loans).
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Answer: Option A
Explanation: In simple words, a virtual organisation refers to a group of separate individuals or entities working for a common goal by coordinating their activities via any medium like E- mail or cell phones etc.
In the given case, all the four individuals are working for cutting clients cost and are operating through electronic mediums.
Hence from the above we can conclude that the correct option is A.
A few of the following can be considered major factors in failure of small businesses:
-Lack of financial planning: when a business is born it needs to critically plan out the first few years of running. Small business often fail to plan out for the future and have less working capital at hand.
-Lack of expertise: small business cannot afford specialist managers and this may be a reason for failure
-no investment in marketing and research can also be a reason.
Answer:
The correct answer is the letter b. Efficiency refers to maximizing the size of the pie; equality refers to distributing the pie fairly among members of society.
Explanation:
Efficiency is about maximizing production while minimizing costs, ie producing as much as possible with available resources. Equality refers to the distribution of production, that is, the division into economically considered fair parts of what was produced among the agents of society. In the example, efficiency would be to produce the largest pie possible given the existing resources. Equality would be the distribution of the pie considered socially fair.
