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ycow [4]
3 years ago
9

LO 1.2Which of the following statements is incorrect?

Business
1 answer:
Pachacha [2.7K]3 years ago
4 0

Answer: Reports produced using management accounting must follow GAAP.

Explanation: Management report are reports produced by management accountants are prepared for internal use by managers, employees and other officers.

Management reports are produced as at when required and do not necessarily have to follow GAAP.

Management reports include job costs, production cost report, cost of good manufactured report etc.

It gives monetary and non monetary information for management consumption.

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Which of the following correctly summarizes an employer’s right to monitor telephone conversations?A.An employer has right to mo
san4es73 [151]

Answer:

The correct answer is letter "D": An employer has right to monitor telephone conversations in the ordinary course of business without a court order.

Explanation:

Most companies handle their customer service operations through phone calls in contact centers. There, a typically large number of people work assisting the company's clients with their needs in regards to the company's product. To ensure those employees are providing clients with the right help, employers tend to monitor the calls for <em>quality assurance purposes</em>. Since this monitor or in some cases recording takes place under business conditions, there is no need for a court order.

3 0
3 years ago
What is the risk of overusing credit for a business?
hichkok12 [17]
Consumers who overuse credit run the risk of late payments, low credit scores, and even bankruptcy.  
5 0
3 years ago
Which of the following completes the sentence, 'The target audience’s ________ will include the market’s social activities and s
horsena [70]

Answer:

Social profile

Explanation:

The completes sentence is

'The target audience’s Social profile

will include the market’s social activities and styles, such as their level of social media participation, the channels they utilize and the communities in which they are active, and their behavior in social communities''

Social profile gives the description of social characteristics of different individuals which defined them on social media and in communities

8 0
3 years ago
For each of the following kinds of insurance, give an example of behaviour that can be normal hazard and another example of beha
algol13

Answer:

Health insurance: working without safety equipment

Car insurance: reckless drive

Health insurance: withhold of the information that the insured is a smoker

Car insurance: withhold of the information that insured lives in neighborhood with high crime levels

Explanation:

Moral hazard relates to the behavior that enlarges the possibility of occurrence of undesired events that is insured. In health care the example could be a person that does risky jobs without wearing safety equipment. That is something that can easily lead to that person's deterioration of health at job. In car insurance, that can be reckless drive of an insured. Adverse selection happens when for instance signee of policy insurance withholds certain information, whose revelation would have potential elevating effect on paid premiums. In healthcare it could be non-disclosure of the information that the insured is a smoker, where in the application says otherwise. In car insurance it could be withhold of the information that the insured lives in the neighborhood with high crime level, while in the policy it is stated otherwise.

5 0
3 years ago
Marginal factor cost (MFC) is
BlackZzzverrR [31]

Answer:

c

Explanation:

Marginal factor cost (MFC) is the change in total cost as a result of employing one more unit of a factor of production.

Marginal factor cost is determined by dividing the change in total cost by the change in factor of production.

Imagine that total cost is 100 when there are 2 units of labour employed. total cost increases to 200 when 3 units of labour are employed.

the marginal factor cost = \frac{200 - 100}{3 - 2} = 100

Marginal cost is the additional cost generated by producing an additional unit of output.

Marginal factor revenue is the additional revenue generated by employing an additional factor unit.

Average factor cost is  total cost from the production of a product divided by the total number of factor units used.

3 0
3 years ago
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