<h2>
True. The early detection of fraud avoids greater loss.</h2>
Explanation:
The early detection of fraud needs to be done for the following reason:
- Fraud will continue if not found earlier and thus leads to greater loss
- The fraud team is not widen before huge loss happens
- Easy to recover
- Possibility of finding the loop holes even if it is from external sources
- Detects weakness in the internal control and eradicate and make the system secure
- Avoid huge loss and threats
- To gain profits
- To keep up the name of the organization
- To bring business and to retain customers
Answer: elastic
Explanation:
The price elasticity of supply will be:
The percentage change in price will be:
= (1.50 - 0.50)/0.50 x 100
= 1.00/0.50 × 100
= 200
The percentage change in quantity will be:
= (4 -2)/2 x 100
= 2/2 × 100
= 100
Elasticity = % change in quantity/% Change in Price = 200/100 = 2
Since elasticity = 2, this indicates supply is elastic as it's greater than 1.
Answer:
The correct answer is letter "E": economies of scale.
Explanation:
Economies of scale mean productivity becomes more efficient as the number of goods produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production which is due to the spread of fixed costs required to produce the product among a large number of goods. Lower production costs typically represent lower prices for consumers.
Answer:
Kodak missed the digital camera revolution that it started.
Explanation:
According to history, Kodak's Steve Sasson was the first to invent a digital camera prototype in 1975.
But, Kodak relied on its past successes to the extent that it could not see beyond its shoulders. Kodak spotted digital technology opportunity in its business, but it lacked the foresight to sharpen its core competency so that it could redefine the market and its business from a film producing and selling company to one that gives consumers the opportunity to share images online. It lacked the competency to understand the emerging needs of its customers and woefully failed to invest rightly in digital technology.
On the other hand, Fuji created new opportunities for itself that were related to its core business by branching into magnetic tape optics, videotape, copiers, and office automation. As a result, it overtook Kodak in market share while Kodak submerged into bankruptcy, from which it later emerged stronger better than it was before the bankruptcy but smaller.
Answer:
C. Management Role
Explanation:
Micah is in a management role at his company because all the functions that he performs are functions of management in the an organisation.
The management functions include, Planning, Organizing, controlling and leading. The manager mainly plan the work of the organisation, coordinates the activities of others and direct them towards the achievement of the organisational goals and objectives.
