Answer:
The correct statements are A, B and C
Explanation:
Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.
Provide the owners, managers, investors and creditors reliable information so that could take the decisions.
It summarizes the information and help in conveying the information related to the firm activities.
It records as well as communicate the information regarding the business.
Romeo could do several things to encourage innovation for example by showing inventions created by other departments of his enterprise or by people in other companies either having the actual item or showing a video of it, and also by rewarding those who come up with new innovations with prizes for example. Of course, innovative ideas or better ways of doing things would also be encouraged.
<span>personal fulfillment.</span>
Based on financial analysis, it is <u>False</u> that It's inevitable that budgeting will hinder the enjoyment of life, forcing people to make financial sacrifices.
<h3>What is Budgeting?</h3>
Budgeting Is the process of making a financial plan which includes planning on expenses, revenue, savings, assets, liabilities, cash flow, etc.
<h3>Benefits of Budgeting</h3>
There are various benefits of budgeting, some of which include the following:
- For providing limits or guides to spend.
- To achieve financial goals.
- To prepare for emergencies.
- To aid better retirement, etc.
Hence, in this case, it is concluded that the correct answer is "<u>False</u>."
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There were many major benefits to philips of shifting so much of its global production to china.
China is an attractive production location for Philips. Perhaps the most important benefits to philips is the country’s cheap wages. In addition, the Chinese workforce is well educated, the economy is strong, and many of the company’s suppliers are doing business there.
Using China as a global supply base from which to serve the world offers several benefits to Philips. By having a single production location, the company can capitalize on costs savings that come from economies of scale as well as the low wages in China.
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