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11111nata11111 [884]
4 years ago
9

A manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its prod

uction facilities. According to COSO, this decision represents which of the following response to the risk? Risk reduction. Prospect theory. Risk sharing. Risk acceptance. More information is required.
Business
1 answer:
Lesechka [4]4 years ago
8 0

Answer:

In a scenario in which a manufacturing firm identified that it would have difficulty sourcing raw materials locally, so it decided to relocate its production facilities.

According to COSO, the decision represents:

Risk reduction.

Explanation:

Risk reduction is a management paradigm that describes the process in which an individual or an institution identifies, analyzes and reduces risk. It used a multidisciplinary approach to study the whole context in which the subject participates and can reduce its risks. In this case, we can observe that the manufacturing firm identified its risks, then it analyzed the options it had and performed the actions that would allow the inducements of risks.

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The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:_______
Makovka662 [10]

The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

<h3>What is Strategic planning?</h3>

Strategic planning can be defined as the process of setting up an objectives or goals and then planning how to achieve the sets objectives and goals.

A company or an organization that want to achieve their future goals must tend to make use of Strategic planning.

Therefore The process of defining the objectives of a company and then developing a method to achieve those objectives is known as:<u> Strategic planning</u>.

Learn more about Strategic planning  here:brainly.com/question/24864915

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7 0
1 year ago
A _____ is a special type of bar chart that shows the progress of all the tasks needed to complete a project
Papessa [141]
A Gantt chart is s special type of bar chart
6 0
4 years ago
On January 1, 2021, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
stira [4]

Answer:

the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Explanation:

The computation of the interest expense is shown below

= Carrying Value of Bond × Effective interest rate

= $217,719 × 10% yield interest × 6 months ÷ 12 months

= $10,886

Hence, the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864

Therefore the second option is correct

6 0
3 years ago
Consider the following data that gives the quantity produced and unit price for three different goods across two different years
elena-14-01-66 [18.8K]

Answer:

$5,400

Explanation:

The computation of real gross domestic product is shown below:-

Goods     Price base year   Quantity current year   Expenditure

                    2012                      2013

A                    $2.00                  600                             $1,200

                                                                               ($2.00 × 600)

B                    $4.00                  900                             $3,600

                                                                               ($4.00 × 900)

C                    $2.00                  300                              $600

                                                                               ($2.00 × 300)

Real Gross domestic product                                     $5,400

Therefore, Real GDP is the sum value of all the final goods and services generated by an economy in a given year, which accounts for inflation. The estimate is based on the prices of a selected base year.

3 0
3 years ago
Bright Future Investment Fund has a balance of $1, 205 on January 1. On May 1, the balance is $1, 230. Immediately after this ba
lilavasa [31]

Answer:

The fund balance at the end of the year is $22,075.

Explanation:

Let X denote the end-of-year balance. During the year, the balance grows as follows

1,205 → 1,230+ ($800) = 2,030

The time-weighted yield rate for the one yearperiod is 11.1%

11.1 = \frac{1230}{1205} * \frac{X}{2030}

1230x = 27152265

x =  \frac{27152265}{1230}

x = $22,075

7 0
3 years ago
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