Answer:
It will take 2.73 years to cover the initial investment.
Explanation:
<u>The payback period is the time required to cover the initial investment:</u>
Year 1= 0 - 2,400= -2,400
Year 2= 1,600 - 2,400= -800
Year 3= 1,100 - 800= $300
<u>To be more accurate:</u>
(800/1,100)= 0.73
It will take 2.73 years to cover the initial investment.
Answer: Option B
Explanation: Separation of duties refers to the process under which the organisation sets the duties of two people to complete a particular task. This is seen as an internal control which is done with the objective of prevention of fraud.
Thus, in the option B the company is separating the custody of assets from accounting and giving it to some other department also this will result to double monitoring of transactions.
Hence from the above we can conclude that the correct option is B.
Answer:
D. risk reduction
Explanation:
Risk reduction is a hazard management technique that aims at minimizing potential losses. In risk reduction, a company evaluate its business process to identify possible threat areas. The company then implements measures that will mitigate losses should the risk event occur.
Risk reduction lessens the impact of known hazards. This particular organization has identified potential risks associated with internet usage. It is vulnerable to online attacks either by hackers or malicious software program. By installing firewalls, the organization reduces potential losses related to online attacks.
Answer:
The correct answer is letter "D": Proven product.
Explanation:
A franchise is a company in which one party -<em>the franchisee</em>- acquires access to a franchisor's proprietary information, processes, and trademarks. The franchisee purchases the right to sell a product or service under an established brand name that offers a <em>proven product</em>, <em>the customer already knows the brand so there is no need to expend additional resources on promoting it</em>.