Answer:
True.
Explanation:
Preparer penalties are sanctions imposed by the internal revenue code on tax professional who are found negligent in discharging their professional duties in tax matters. These sanctions range from financial fines to imprisonment. And Internal Revenue Code has relevant sections for each category of negligence. Normally, it is the staff personnel that has the highest exposure to the risk of being negligent and tax professionals will put in place adequate measures to reduce this exposure to preparer penalties. One of such measures that are employed to reduce the chances of staff personnel incurring IRS preparer penalties is tone at the top approach. This approach is used by management to establish the ethical value of the firm. It set up the environment in which management relay their commitment to upholding ethical values, such as integrity, diligence and objectivity.
This established tone will serve as guiding map to the staff personnel who are expected to follow the guideline in discharge of their duties. And in turn, this regulated behavior of staff personnel and demonstrated commitment of management to upholding ethical values will help to reduce the chances of staff personnel incurring IRS preparer penalties because of the presence of atmosphere of integrity and diligence in the organisation. So the answer is true.
Answer:
d. The presence or absence in a nation of supplier industries and related industries that are internationally competitive
Explanation:
Related and supporting industries can be described as upstream and downstream industries which bring about innovation via exchanging ideas.
In an economy, upstream industries are reliable supplier of inputs to a company, while downstream industries assist a company in marketing and distributing its products.
The absence or presence of the related and supporting industries usually have effect on the success of a company in a country.
<span>As the outsourcing decision is not in the audit term therefore the audit team is not needed to take it into consideration. Audit team is required to work for those matters which are in the term for which it is hired. Notes can be mentioned that outsourcing is used in the next term.</span>
Answer:
Money multiplier, MM = (1 + Currency-deposit ratio) / (Currency-deposit ratio + Excess reserve ratio + Required Reserve ratio)
(a) Initially,
MM = (1 + 0.25) / (0.25 + 0.05 + 0.10) = 1.25 / 0.4 = 3.125
(b) Currency-deposit ratio = 0.3
MM = (1 + 0.3) / (0.3 + 0.05 + 0.1) = 1.3 / 0.45 = 2.89
(c) Excess reserve ratio rises to which number? MM cannot be computed unless exact number is provided.
Answer:
Research
Explanation:
An e-commerce shop is an online based store where the seller lists items for sale and customers search and select and order the ones they would like to purchase. The stage of the searcher's intent an e-commerce owner would focus on is the <em>research stage. </em>Their website should always be at the top of the potential customers' search engines. This would increase the likelihood of them committing and making a purchase.
