Answer:
Violate Establishment of responsibility
Explanation:
Establishment of responsibility is an characteristic of control such as internal related methods,measures adopted within an organization to safeguard assets and enhance the reliability of accountability, increase efficiency of operations,etc and which is used for assigning of responsibility to an individuals i.e when only ONE person is responsible for a given task.
Bellswood Jewelers makes used of the principle of establishment of responsibility in it operations.
The salesperson who sees another salesperson’s ID card lying unattended in the break room, and then make uses of the card to enter the vault and steal jewelry worth $36,840 had violated the establishment of responsibility of Bellswood
Answer: equals sales revenue minus variable costs
Explanation: In simple words, contribution margin refers to the amount of revenue that an organisation is left with after paying for the variable expenses that are incurred for the generation of such revenue.
It is an important aspect of an organisation as it somehow depicts the ability of it to pay its fixed expenses like interests etc.
Answer:
Type 1 decision error cost and Type 2 decision error cost
Explanation:
Type 1 decision error cost has to do with recruiting the wrong candidate or person specification for the job, type 1 error are expensive to the organization and frustrating to the employees. Type 2 decision error cost has to do with the opportunity cost forgone, when the right candidate which could have been hired, was not hired.
The CEO is likely to discover the Type 1 decision error cost
Answer & Explanation:
Modiglani's Life cycle Hypothesis depicts spending & consumption pattern of people, in order to stabilise / or smoothen their consumprtion. The theory has following phases :
- Early (Non Working) Age, Low Income stage : Borrowings are done, to cover up for lack of income that yields desirable stable consumption level.
- Youth, Earning (Working) Age : Savings are done, through surplus of income level over desirable stable consumption level.
- Old, Post retirement (Non working age) : Dissavings are done, funds from previous savings are used to cover for lack of income that yields desirable stable consumption level.
Implication rate for entire economy saving rate : It implies that economy's savings rate is high, if more population comprises of middle aged working population.
