Answer: a. an express warranty
Explanation:
An EXPRESS WARRANTY refers to spoken or written promises or guarantees made by the seller about the performance of a product when negotiating with a buyer.
For example, "this product is guaranteed against wear and tear for at least 2 years".
Roy Mustang in this scenario made an explicit promise about the effectiveness of the Stallion and as such that constitutes an EXPRESS warranty.
It is worthy of note that for Express Warranties, the word Warranty does not even need to be included for the promise to be a warranty.
Managers are involved in controlling when they conclude that an organization is not making adequate progress toward reaching its goals and objectives and develop remedial actions.
- Control is a management activity that aids in the detection of problems and the implementation of corrective actions. This is done to reduce deviation from standards and guarantee that the organization's overall goals are met as desired.
- Controlling is the process of assessing an organization ’s objectives toward its objectives. It comprises monitoring the implementation of a strategy and correcting errors from that plan.
- Control management is a process that helps your firm spot problems, make adjustments, and keep project management on track. Control management increases your firm's chances of achieving its goals.
- Controlling is one of the most important management duties of a goal-oriented organization. Management control approaches are classified into two types: modern and classic control strategies. Feedforward, feedback, and concurrent controls are examples of management control techniques.
Thus the correct answer is controlling.
To learn more about controlling, refer: brainly.com/question/28109846
#SPJ4
Answer:
The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%
Explanation:
Certificate of deposit of 220000 after 5 years @ 9% is calculated as below
As per the Present and future value tables of $1 at 9% presented
FVA of $ 1 after 5 years is 5.9847 and
PVA of $ 1 after 5 years is 3.88965
PV of 220000 will become = 220000*5.9847/3.88965
= $338496.8
Therefore, The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%
Answer:
An error is unintentional, whereas fraud is intentional.
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).
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.
Hence, the statement which is the most correct regarding errors and fraud is that, an error is an unintentional that can happen to any financial expert, whereas fraud is intentional.
