Answer:
option two is the correct answer
Explanation:
as a consulting firm i will advice the government officials to increase the price of tolls. Due to the increase in price of tolls, private transportation will be paying higher tolls fee and thereby increase farefee. on the other hand Government are the owner of tolls the money paid by public transportation will in turn go back to government. so government need not increase the fee for fare which will make it the best option for individual to patronize.
Answer:
D: Loss leading
Explanation:
Loss leading or the loss leaders is the concept where we decree the price of certain well known and popular products to such a level that customers are amazed. We even start selling that product below its cost as well. The basic logic behind loss leaders is to increase the store traffic and therefore increasing the sales. For example, if everyone is selling eggs at $2 per dozen, and you get it at $1.5 from the whole seller then you can either sell it at the same amount on which you purchasing it from the whole seller, at $1.5 or even below than this at £1.3. People knows that eggs are usually sols at $1.5 but your concept of loss leading will attract them towards your store, and besides purchasing eggs at $1.3, they will also but many other high profit margins products as well.
Answer:
Segregation of duties
Lack of computerized system
Explanation:
One obvious internal control weakness in the scenario given is segregation of duties. This is defined as the breaking down of a critical line of task into different stages with different individuals handling different stages of the task.
The aim is to prevent error and fraud as the action performed by an individual is subjected to review by another person and as such makes it impossible for an individual to cover up a fraudulent act except there is collision with others .
A computerized system which is the use of accounting software can also be used to integrate the function to increase the accuracy and speed of completion
The risks involved are
- Collision with suppliers for a fraudulent acts is made possible through this
- In case of any errors, it can not be easily detected
Answer:
c. An overdraft is a fee your bank charges you for opening a checking account.
Explanation:
Checking account is a deposit account with a bank or any financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained by using automated teller machines, checks and electronic debits, and a number of other methods.
A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.
The statement that an overdraft is a fee that banks charges for opening a checking account is false.
Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds or insufficient funds that would cater for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.
