Answer:
Scenario analysis
Explanation:
Scenario analysis is defined as the process of analysing future occurences by choosing present alternatives. It shows different future possibilities of an event, and not just one.
It is a for of projection analysis.
For example the manager's analysis is: if a severe earthquake occurred while the company was filming a movie, there could be deaths and injuries, destruction of movie sets, delays in production, costs associated with filming at an alternative location, and loss of reputation and good will.
Answer:
Explanation:
1. True
Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.
Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.
2. False
Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective
3.True
Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control
4.False
Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.
Answer:
The correct answer is A
Explanation:
The Cash payments for the month of may is computed as:
Cash payment = Cash balance on May 1 + Cash received during the month - Cash balance increased
where
Cash balance on May 1 is $30,000
Cash received during the month is $47,000
Cash balance increased is $33,000
Putting the values above:
Cash payments = $30,000 + $47,000 - $33,000
= $77,000 - $33,000
= $44,000
Percents can show how much of the money transferred was expense, profit, and so on. it can show an increase or decrease in sales. it can also show demographics of consumers.
Answer: INSIDERS CREATE THREATS AT THEIR WORKPLACE AFTER WORK PLACE INCIDENTS
Explanation:
Workplace incidents create a conducive opportunity for insiders to commit crime.
In this case there have been some layoffs which can be exploited in certain ways.
It could be that an employee or employees who think they will be laid off decide to steal credit card information for financial reasons before they are laid off.
It could also be that employees or an employee who will not be laid off could use the opportunity to steal information so that it can be blamed on the employees to be laid off seeing as they will be the most likely suspects.
Workplace incidents create an opportunity to steal information and this is no different.
