Escalating fuel and escalating insurance costs continue to have an impact on the trucking industry.
<h3>Impacts of the raised costs:</h3>
- Carriers are forced to raise their pricing in order to cover rising fuel costs, or else they risk losing money.
- The whole business is impacted by the growing cost of gasoline since the shipper is required to pay more to carry goods if the freight carrier must pay more to do so.
- Additionally, if the shipper is paid extra for transportation, the recipient will also be charged more to cover the increased costs.
- Some businesses may start stocking up on more items as a result of the rising expense of transportation, which can cut down on the quantity of transportation required; henceforth, causing inflation for the public.
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Answer:
The correct option here is A) Buying new weights comes under medium of exchange and opting to go for Florida vacation comes under a standard unit of account .
Explanation:
When money is accepted by a seller or producer as a payment for market transaction, then we can say that money is used as a medium of exchange. In this question an example of this is, when Nicholas buys new free weights from the market .
When money is used as a standard of value , which allows for comparison to be made between relative worth of goods and services, then we can say money is used as a standard unit of account . An example of this is Nicholas opting to go on Florida vacation.
Answer:
These elements are definable risk, a fortuitous event, an insurable interest, risk shifting and risk distribution. in addition, there is a very important legal difference between a reserve and an insurance company.
Answer:
"Selective product and marketing pruning
" is the correct answer.
Explanation:
- Several traditional or decreasing companies have a large or increasing number of product lines that are moderately successful or lose capital.
- It is partially because though existing companies are now addressing almost every competitive already need intentionally or unintentionally, other than on relatively developing companies.
So that the above is the correct answer.
Answer:
Hence,
When control is missing the wrongdoings happen at a quick pace because the barrier in their work involves an end. there's no check on the operations and hence many wrongdoings happen without coming into the eyes of management. control helps within the analysis of wrongdoings by comparing with the standards and checks. Hence without control, it's hard to depict the extent of wrongdoings within the organization.
Explanation:
Role of control
Internal controls are policies and procedures put in situ by management to make sure that, among other things, the company’s financial statements are reliable. Some internal controls relevant to an audit include bank reconciliations, password control systems for accounting software, and inventory observations.
Internal controls provide reasonable assurance about achieving objectives regarding:
.Effectiveness and efficiency of operations
.Reliability of financial reporting
.Safeguarding of assets
.Compliance with applicable laws and regulations