The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
Full question:
Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.
A) completeness and valuation
B) completeness and accuracy
C) rights and obligations and existence
D) occurrence and accuracy
<u>Answer:</u>
Auditors tests those controls to provide evidence supporting the completeness and accuracy presentation.
<u>Explanation:</u>
During the interim audit, the internal control system is documented and assessed. The completeness and accuracy of the erudition in the report superimposed which the auditor is relying on. Accuracy simply is inadequate. One requires to obtain certitude about both the completeness and the accuracy.
The statement that all the transactions that should hold been recorded are recorded is named completeness. A transaction is deemed accurate if: There is no fault while developing the supporting document, and there is no failure while posting this transaction.
Answer:
a. free riding
Explanation:
-Free riding is when someone takes advantage of something without making any effort for it.
-Group think refers to a siuation in which groups want to maintain unity and start to think together but act in an irrational way.
-Boundary spanning refers to creating outside relatinships to be able to accomplish the organization's goals.
-Benchmarking is a tool in which companies are compared in different aspects to analyze their performance and find best practices.
According to this, the answer is that this is an example of a dysfunctional norm resulting in free riding as Kelly is taking advantage of the norm to take the leaves but she is not doing her job.
They often lead to increases in the cost of production.
Answer:
The answer is D. Income statement
Explanation:
