It is false that Jacques has eliminated the risk of entrepreneurship by preparing a detailed business plan.Entrepreneurs must be able to take calculated risk because there are no guarantees of success. Successful entrepreneurs must be willing to accept uncertainty. However, they should take only calculated risks if they can <span>help it.</span>
I<span>f your expenses exceeded your income, you should </span>reduce your variable cost. The variable cost is the controllable cost because it depends on the level of the output you are expected to have. These are costs that can be cut off by reducing the output level.
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Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
In conclusion, it's very important that governments receiving federal grants and contract funds have an accounting information system with adequate internal controls capable of delivering reliable information to compare the actual amount spent with budgeted amounts.
Explanation:
supply chain types: efficient, fast, continuous-flow, agile, custom-configured, and flexible
Answer:
A
Explanation:
Paid sick leave allows workers to keep their jobs and increases worker loyalty. ... Paid sick leave increases worker productivity by allowing workers to be absent, recover at home, seek medical help in time, and then return to work being more productive.