Answer: Options A and C are strengths while options B and D are weaknesses. See explanation below.
Explanation:
a. All employees must take at least five consecutive days off each year.
This is a strength in internal control. This would help to maintain stability in operational process and ensure leave days are effectively utilized. It also prevents staff from taking the leave days in piecemeal and sporadic manner thereby disrupting the operational process and causing team instability. It is also used to ensure leave days are promptly utilised and well accounted for.
b. The accounting department orders merchandise and approves invoices for payment.
This is a weakness in internal control. There should be a check and balance in this regard. In some organizations, proper scrutiny of the vendor and invoice is done by the Procurement Unit and the Expense Control Unit respectively. Even within the accounting department, there is approval hierarchy. Also, the unit within accounting department that is making the order should not be the one to approve the transaction.
c. Cash received over the counter is controlled by the sales clerk, who rings up the sale and places the cash in the register. The daily sales are recorded in the accounting records by the accounting department.
This is a strength in internal control as it ensures checks and balances. Fraud and error can be detected through this means. The accounting department should verify the transactions to the relevant supporting document before recording the transaction in the system.
d. The officer who signs checks need not examine the payment packet because he is confident the amounts are correct.
This is a weakness in internal control in the sense that checks signed by the officer is binding in the court of law. The officer cannot claim ignorance if anything goes wrong. There is therefore a need for proper scrutiny and relevant questions asked before checks are signed.
I think it' Price but i'm not sure
It would be an example of<u> "allopatric speciation".</u>
Allopatric speciation will be speciation that happens when two populaces of similar species end up confined from each other because of geographic changes. Speciation is a slow procedure by which populaces advance into various species. An animal types is itself characterized as a populace that can interbreed, so amid speciation, individuals from a populace shape at least two particular populaces that can never again breed with each other.
An agreement is any understanding or arrangement reached between two or more parties. A contract is a specific type of agreement that, by its terms and elements, is legally binding and enforceable in a court of law.
Answer:
correct option is d. economy
Explanation:
any organization have many risk management objective that is prior to occurring of loss
and here very important is economy that is reduce anxiety
and organization prepare potential loss in the economy to involve analyse of a safety program and insurance premium and cost associate with a different technique for loss handle.
so correct option is d. economy
