Answer:
(A) Understated Understated
Explanation:
If there is an error in presentation of ending inventory and the value is understated, it will understate the net income as gross profit will be understated.
Further net income is part of retained earnings, and therefore, it will also be understated.
Since in a T shape income statement, Closing stock is presented on the right side that means credited and added as an income.
Thus, if understated the income will also be understated.
Thus, correct option is:
(A) Understated Understated
Answer:
c
Explanation:
i feel they should take advantage of theit financial strength
Answer:
b) management by objective.
Explanation:
Management by objectives can be defined as an organizational management model whose focus is to improve the performance of the organization as a whole, aligning each company's action plan to achieve previously defined objectives and goals.
This is an information system that allows the organization to compare performance and achievements with objectives, which helps improve management and correct failures.
In this management style, employees are encouraged and motivated to be more committed to the organization, as clearly setting goals and objectives motivates employee participation and contributes to a feeling of inclusion, in addition to improving communication in the organization, which is a essential tool for achieving goals.