Answer:
$8,200
Explanation:
The amount of asset that is not covered under the insurance policy would not be claimable so if the amount of insurance policy that covers jewelry of worth $1000 and silverware of worth $2,500 then the total claimable insurance would be $3500 ($1000 for both Jewelry and $2500 for silverware).
The jewelry stolen is worth $5200 and out of it $4200 is not claimable because $1000 of this is covered under the insurance policy. Likewise the silverware worth of $6500 has been stolen of which $4000 is not claimable because $2500 of this is covered under the insurance policy.
The claim that would be not covered under the insurance policy would be:
Non claimable insurance amount = ($5,200 - $1,000) + ($6,500 - $2,500)
= $8,200
Singular command. In a motor vehicle accident with multiple victims, the scene will be chaotic and having a single, clear leader will best help resolve the situation.
Answer:
Statement is true
Explanation:
Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.
Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.
Answer:
Challenge
- Quality Issues
- Lack of Documentation
Risk
- Loss of Confidentiality
- System Unavailability
Reward
- Increased Quality
- Reduced Cycle
Explanation:
A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.
Business Risk means the possibility of loss or any adverse condition that may severely damage the organization's ability to achieve its goals and objectives.
Reward means a positive outcome that has happened because of productive decision making and effective management.
OB is false. Hope that answers your question
