When accounting for the general fund, the encumbrances control account is credited when: purchase order is filled or canceled.
<h3>
What do you mean by general fund?</h3>
A general fund is defined as the fund which is known as the primary operating fund of a governmental unit. Most of the usual activities are supported by general fund.
On the other hand, the encumbrance control account is defined as settlement under which the some amount of money keep aside to meet the anticipated expenses.
For example, the reserve is used for maintaining the contract or purchase order.
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Answer:
<em>Face validity</em>
Explanation:
Face validity applies to the great extent in which an evaluation or measure tends to subjectively assess the component or construct to be measured.
In certain utterances, face validity is when an evaluation or test happens to be doing what it claims to be doing.
Numbers of suppliers in a purely competitive market dictate how easy it is to start a business or transform it in that sector.
Explanation:
Entry an d Exit in a business sector means the ease of starting or transforming a business that is involved in a particular market sector.
In a purely competitive market the business is dictated by the market standards set by the completion of the various companies vying for a market share between each other.
The harder the competition at the top level, the harder it is for a new business to come up, similar is the case for when one or two companies dominate the hegemony in which case it is hard to grab a market share for the new entrant in the market.
Answer: A. Draft a formal offer letter is not something you need to do following the compleition of an interview. After an interview, if you are qualified and wanted for hirer by the organization, they will likely draw up a formal offer letter and provide that to you when offering you the position. The formal offer letter typically includes the date of start and monetary offer the company is willing and able to pay.
Answer:
Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Explanation:
The action that is likely to have the highest initial cost in terms of its impact on other parts of the organization is to replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs. This because buying new equipment will require a big investment from the company at the beginning to cover its costs but this will later generate more productivity and lower production costs which will compensate the initial high cost.
The other options are not right because buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon can decrease the cost at the beginning but the company can have problems with the quality of the products which could be really costly. Also, lay off a portion of your workforce and then try to motivate everyone who’s left to work harder and this option also means selecting future hires from a lower-skill labor pool and paying lower wages will decrease labor costs at the beginning but can require a big investment later with the costs of the process to hire new people, compensations to the employees that were laid off and can also result on low quality job and productivity from lower-skill labor.
