<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:
It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.
Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.
Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.
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Answer:
B. To Purchase the laser printer
Explanation:
Rational Choice theory states that individuals should use rational calculations to make rational choices and achieved outcomes in line with their own personal objectives.
Therefore, having understood that,
Rational calculations to be used here give the data would be calculating Marginal Utility per dollar spent on each commodity.
For the the BMW, marginal utility per dollar = MU/Cost of BMW = 800/40000
= 0.02
For the laser printer, MU per dollar = MU/Cost of printer = 25/1000
= 0.025
Since MU per dollar of the laser printer (0.025) is greater than the MU per dollar of BMW ( 0.02), Jason should choose the Laser printer following rational choice theory.
Answer:
Industrial Market
Explanation:
In the industrial market, one business acts as a consumer and the other business acts as seller. In this market the purchaser is also the business and the seller is also the business. The consumer business purchases raw materials that is used in manufacturing the end products.
In my personal opinion, the correct priority in making a business decision is is priority number 3, Profit - Organization Values - Personal Integrity
The main purpose of doing a business is Profit. If you're doing something for the benefit of others, you could call it charity or donations, but not a business.
Answer:
d. $10.
Explanation:
Tax is a payment made to the government to assist it in financing its various programs. Taxes are the main source of government revenue. Income tax is the tax levied on individuals and firms on their earnings.
Susan and Rebecca enter into a work agreement where Rebecca hires Susan to dog sit for her. Susan will be working and is expected to pay taxes on the income received. Rebeca will be attending a wedding, which is not an income-generating activity; hence she will not pay any taxes. It means only Susan will pay taxes as she is the only one who will be earning. If the tax imposed on dog sitting is $10, then the two ladies will be worse-off by $10.