Answer:
1. Once a month, the sales department sends sales invoices to the accounting department to be recorded.
⇒ documentation procedures
Unless all of the company's sales take place only once a month, sales should be recorded as soon as possible. Accounting records must be as precise and accurate as possible, and they must be processed on time. Stacking invoices makes no sense, since sales might be on cash or the collection period might be very short. Who holds the money until the sales records are made?
2. Leah Hutcherson orders merchandise for Rice Lake Company; she also receives merchandise and authorizes payment for merchandise.
⇒ segregation of duties
One single person cannot be responsible for the whole process, since this creates a huge opportunity for fraud. Imagine if the person in charge of the inventory is also in charge of making new purchases, paying for them and reporting ending inventory. No company would be able survive one year, while the person in charge would get rich.
3. Several clerks at Great Foods use the same cash register drawer
⇒ establishment of responsibility
If everyone is allowed to collect money, no one can be responsible for any loss.
The main objectives of the CSME are: full use of labor; full exploitation of the other factors of production; competitive production leading to greater variety; quality and quantity of goods and services, thereby providing greater capacity to trade with other countries.
Systems for competitive manufacturing. In a dynamic and unpredictable environment, a competitive manufacturing system plans, produces, and delivers high-quality, customer-desired products faster than the competition.
Manufacturing has not recently been viewed by businesses as a source of competitive advantage; instead, they have chosen to outsource it and focus only on costs. Organizations may now take control of their whole supply chains and production processes because to improved data, digitized operations, and automation.
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Answer: I, II, III, IV
Explanation:
CAPM is used for pricing of risky securities and also for the generation of expected returns for an asset given the risk involved with regards the assets and the cost of capital
In a simple CAPM world, the correct statements are:
I. All investors will choose to hold the market portfolio, which includes all risky assets in the world
II. Investors' complete portfolio will vary depending on their risk aversion
III. The return per unit of risk will be identical for all individual assets
IV. The market portfolio will be on the efficient frontier and it will be the optimal risky portfolio
Therefore, I, II, III, IV is the best option.
Reminding people of a product help bring their focus back to a particular product. The kind of advertising that might firms use when products already have solid brand recognition and market acceptance and are in the maturity stage of their life cycles is called Reminder Advertising.
- Reminder Advertising that is focused at reminding the target consumer that a product is very much available.
It is linked with products in the mature stage of their life cycle. It is popularly called Retentive Advertising.
Reminder Advertising helps to reminds people about the need for a particular product or service.
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