Answer:
Stakeholder's Tolerance Level.
Explanation:
Stakeholders' tolerance levels are key to completing a full risk management plan. This is because the tolerances are critical to determining which hazards need to be accepted and the ones to be limited. Basically, a stakeholder risk tolerance seeks to determine, assess and gauge the general level of risk an entity is willing to undertake and/or accept.
When an organization intends to do a project, for instance, varying reports including feasibility reports need to be come up with to assess the realization objective of the project. While coming up with this, an organization must assess its tolerance levels as to factors that may hinder the realization of the underlying goal.
There are often two categories of tolerance level. A high tolerance, and a low tolerance. A high tolerance in this instance would be more opened to factors that might put the project into high risk tendency. Whereas, the opposite is the low tolerance, as this is not opened to high risk tendency. However, to arrive at this, an organization will need to come up with a comprehensive management plan, detailing the risk levels, appetite and how aversive they could be in undergoing a given concern. Tolerance levels should be evaluated at critical decision making juncture. From the input, quality, performance, in process, and other essential line items. Tolerance level is set across all functions. This will thus form a general guide an organization intends to pursue.
Option C
This vision of what could happen is known as a forecast
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Explanation:</u></h3>
Forecasting and analysis SWOT are promoting accomplices in the business venture. SWOT recognizes the procedures practiced for designing a particular business model according to the company’s possible means and skills, including the circumstances in which the company serves.
It observes positive and negative circumstances both inside and outside the firm, that influence its success. The analysis benefits the company forecast or prognosticates varying trends that help the decision-making process of any business. Precise forecasting reduces risk and provides a measurable improvement in the efficiency of the decisions.
Answer:
The correct answer is D
Explanation:
The journal entry which is to be posted on December 31, is as:
Rent receivable A/c............................Dr $4,400
Rent Earned A/c...............................Cr $4,400
As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).
Answer:
Explanation:
The journal entry is shown below:
Supplies expense A/c Dr $1,700
To Supplies A/c $1,700
(Being supplies account is adjusted)
The supplies expense is computed below
= Purchase value of supplies - supplies on hand at year end
= $2,100 - $400
= $1,700
For recording, this given transaction we debited the supplies expense account as the remaining balance is transferred to supplies expense and credited the supplies account
Answer:
None
Explanation:
In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.
The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.
