The three items that are included in the substantiation requirements are:
- Date Placed in Service
- The total mileage; and
- Vehicle Type.
<h3>What is IRS guidelines?</h3>
Internal Revenue Service Guidelines are guidelines that individuals and corporates must follow in order to be compliant with the requirements of the IRS.
Thus, it is correct to indicate that according to the IRS Guidelines, the three items that are included in the substantiation requirements are:
- Date Placed in Service
- The total mileage; and
- Vehicle Type.
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The ways by which an organization could improve its risk management are shown below.
<h3>
Ways by which an organization could improve its risk management:</h3>
(A) Think broadly about your supply chain -
- The network of people, businesses, resources (knowledge, public utilities, materials, services, etc.), processes, and technology used to create and market a good or service is known as a supply chain.
- This definition's broad strokes provide a thorough method for developing a matrix that improves supply chain visibility.
(B) Improve supplier auditing -
- Consider including significant contract clauses and auditing procedures in important contracts after identifying and prioritizing vital suppliers.
(C) Increase supplier diversity -
- The pandemic destroyed many minority-, women-, and veteran-owned businesses because they were unable to meet client demand when their supply chains broke down or came to a standstill.
(D) Clean up siloed tech suppliers -
- Without a doubt, technology is crucial to supply chain management.
- While having a variety of technology platforms and tools to support your operations is frequently required, purchasing technology in a silo might jeopardize an organization's logistics.
(E) Put supply chain trends in the right context -
- Although there is no dearth of articles on new supply chain management trends, many could not have predicted the geopolitical environment of today, which includes an invasion in Europe, skyrocketing oil prices, and the onslaught of ransomware attacks that are causing supply chains to break down on a daily basis.
Therefore, the ways by which an organization could improve its risk management are given.
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I believe it’s false
when interest rates are low, the economy grows and inflation increases. Conversely, when interest rates are high, the economy slows and inflation decreases.
Answer:
A) Maximize their market share.
Explanation:
Companies which believe higher sales volume will drive the cost down (& profits upward) will need to sell more of their products to achieve this target.
For example, if a bike manufacturer thinks that he can reduce cost by higher number of sales, he must maximize his market share and target more and more people to buy the bikes, let it be child, millennial, parents, everyone.
This will derive the sales volume to be higher and the costs to be lower (& higher long-run profits).
