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2 years ago

Which of the following is not a basic principle of the COSO ERM framework?

Business

1 answer:

Gnom [1K]2 years ago

8 0

Answer:

The correct answer is letter "B": Companies are formed to create value for society.

Explanation:

The Committee of Sponsoring Organizations (COSO) is an international acknowledgment organism where basic risk regulating frameworks and accomplishment in organizational internal control matters are established. When it comes to Enterprise Risk Management (ERM) the committee proposes key principles and concepts for clear guidance.

Creating value for society is not included in one of the core objectives of the COSO ERM.

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Mary begins an internship at a small company that makes touchscreens for imported smartphones. Her first assignment is to estima

vova2212 [387]

Answer:

Mary should answer that more than half of the boxes not be rejected.

Explanation:

Probability:

Box has one defective screen = 0.6

Box has three defective screen = 0.4

no. of screens in a box = 8

The box is rejected if both of the inspected screens are defective.

Probability of rejecting a box:

$=0.6\times\frac{1}{8}\times\frac{0}{7} + 0.4\times\frac{3}{8}\times\frac{2}{7}$

= 0.04286

Only 4.286% of the boxes will be rejected.

Therefore, Mary should answer that more than half of the boxes not be rejected.

6 0

2 years ago

Labor costs are 30% of sales. Other operating costs are $38,000 per month (including $10,000 of depreciation). Both of these are

Alina [70]

$14,000 rupees will be disbursed totally in march.

Explanation:

The operating cost is $38,000 per month. This is including depreciation. So cash pending on March 1 is $8,000.
At the end of March month, the cash balance of $6000 is required. So a total of $14,000 is required at the end of the month. Including the labor costs, he wants to pay $14,000.
He can borrow money in multiples of $1000. For emergencies, this money can be borrowed. So $14,000 should be dispersed in the month of March.

3 0

2 years ago

Which of these is NOT a safe skill to employ in the presence of road workers?

QveST [7]

Answer:

C. Drive at the posted speed limit

Explanation:

The answer choices for this question are:

A. Keep alert and watch out for construction barrels or cones

B. Slow down even if you don't think you'll hit a road worker

C. Drive at the posted speed limit

D. Keep as much distance as you can while navigating around them

Since the conditions of the road are not the best, you should drive below the posted speed of limit.

The only presence of workers on the road represent a risk for them and for you.

The number of lanes are reduced, the road could present potholes, dirt, stones, or even some substances that make the pavement slippery. You could not have good visibility.

All those risks make that you have to be extremely careful, reduce your speed, lower than than the posted speed limit.

Thus, you should:

A. Keep alert and watch out for construction barrels or cones

B. Slow down even if you don't think you'll hit a road worker

C. NOT drive at the posted speed limit

D. Keep as much distance as you can while navigating around them

8 0

2 years ago

You've decided to capitalize 100% of your new business by obtaining a loan from a local bank. Your initial funding will

fgiga [73]

Capitalize is to give or invest your capital "money" to a company or an industry. According to this question you capitalize all of your assets, therefore your initial fundings will come from shareholding.

And your welcome!

3 0

2 years ago

Read 2 more answers

Sales in North Corporation increased from $80,000 per year to $84,000 per year while net operating income increased from $30,000

igor_vitrenko [27]

Answer:

4 times

Explanation:

Given that,

Initial sales = $80,000

New sales = $84,000

Initial net operating income = $30,000

New net operating income = $36,000

The degree of operating leverage is determined by dividing the percentage change in net operating income by the percentage change in the sales.

Percentage change in net operating income:

= [(New net operating income - Initial net operating income) ÷ Initial net operating income] × 100

= [($36,000 - $30,000) ÷ $30,000] × 100

= ($6,000 ÷ $30,000) × 100

= 0.2 × 100

= 20%

Percentage change in sales:

= [(New sales - Initial sales) ÷ Initial sales] × 100

= [($84,000 - $80,000) ÷ $80,000] × 100

= ($4,000 ÷ $80,000) × 100

= 0.05 × 100

= 5%

Degree of operating leverage:

= Percentage change in net operating income ÷ Percentage change in sales

= 20 ÷ 5

= 4 times

3 0

3 years ago