Answer:
Increases the potential for fraud and error
Explanation:
Internal controls refer to control mechanism implemented by management so as to ensure efficient operations and to detect and check material misstatements and frauds on timely basis.
Internal check refer to one of the means of implementing internal controls wherein duties and responsibilities are segregated in such a manner that no individual has the authority to process a transaction from it's beginning to it's end and whereby, work performed by an individual automatically comes into the scrutiny of another.
In the given case, the principle of internal check as a means to implement internal controls is violated since one person is assigned the responsibility to order, receive , pay for the goods.
This increases the possibility of a potential fraud and error since the individual possesses full authority to effect the transaction and may manipulate records since no other individual can watch on him.
Answer:
is a template for organizing and understanding the consequences of job dissatisfaction.
Explanation:
From it's name, the EVLN tells us four ways that Employees respond when they are dissatisfied with their job.
E stands for Exit which means going elsewhere to look for other job opportunities, it means leaving the organization or transferring to another unit.
V stands for Voice which means trying to change the situation of things rather than escaping from that dissatisfying situation. It can be constructive or destructive.
L stands for Loyalty such Employees in this category respond to dissatisfaction by waiting patiently for the issue to be solved out with time or by other.
N stands for Neglect which means putting in less work, reducing quality and also acts of absenteeism and lateness.
Answer:
Material and controllable
Explanation:
Management by exception is a business practice where only only significant difference between actual and normal is identified and treated accordingly.
The available options are:
a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."
b. will need to ask the drawer to send her a new check.
c. will not be able to cash the check.
d. must use a restrictive indorsement to cash the check.
Answer:
a. can indorse the check either "Bethany Lewis" or "Bethanie Louis."
Explanation:
When it comes to financial related matters, most specifically, on the issue of cheque, Indorsement is a financial related term that describes a legal signature, (often signed at the back of a cheque), which serves as a form of approval, to ensure the cheque is payable to individual aside the designated payee.
Hence, in this case, Bethany Lewis can indorse the check either "Bethany Lewis" or "Bethanie Louis."
Answer:
The opportunity cost of attending the concert=$0
Explanation:
An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.
The opportunity cost can be Determined using the following expression;
OC=FO-CO
where;
OC=opportunity cost
FO=return on best forgone option
CO=return on chosen option
Since in our case, the forgone option was not attending the concert, the cost would be=0
Also since the chosen option was the ticket at no charge, the cost would be=0
In our case;
OC=unknown
FO=0
CO=0
replacing;
OC=0-0=0
The opportunity cost of attending the concert=$0
