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OverLord2011 [107]
4 years ago
15

Management needs to understand its risks to reliable financial reporting before determining which internal controls would be mos

t helpful to achieving its goal of reliable financial reporting. (True/ F)
Business
1 answer:
nordsb [41]4 years ago
3 0

Answer:

True

Explanation:

True.

Management needs to identify the risks to its organization of not achieving reliable financial reporting. Once these risks are identified, management implements controls to provide reasonable assurance that material misstatements do not occur in the financial statements.

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Describe at least two significant technological advances you have witnessed over your lifetime. explain how they made your life
alekssr [168]
One technological advance I have experienced in detail was the conversion from Imperial to the metric system in Canada especially in the mines I worked at. The advantage was that now everything could be done in 10's like millimeters, centimeters, metres and kilometers for example. The drawback would be that I was accustomed to say with cars to use miles per gallon and I had a hard time to envisage kilometres per liter. Another innovation I experienced first hand was the development of the GPS. This made it easier to locate oneself in the field provided there was good satellite reception and at least for the handheld GPS the accuracy was only down to about +-5meters so was not exact. Only the more expensive GPS like the Trimble could zero one in with sub-centimetre accuracy.
5 0
3 years ago
By evaluating cost and benefits using competitive market prices, we can determine whether a decision will make the firm and its
Andrej [43]

Answer:

valuation principle

Explanation:

The basis concept behind the valuation principle is that the value of an asset is determined by the market. If an investor is evaluating any type of new project, he/she must use market prices in order to determine whether this new project will make him/her wealthier. E.g. the price of art works is determined by the amount of money that someone is willing to pay for it, not by the fact that you like it or not.

3 0
3 years ago
A 37-year-old client with type 1 diabetes and good glycemic control is pregnant for the third time. Her first child is 4 years o
polet [3.4K]

Answer:

3,4 and 5

Explanation:

A pregnant woman with diabetes is prone to placenta insufficiency thus being unable to support the fetus which can lead to fetal death. Additionally, a history of hypertension which is usually associated with diabetes can also affect efficient functioning of the placenta. Lastly, the history of stillbirth is also an indication of NST.

8 0
4 years ago
Jenny wants to buy a laptop from the website of CloudTen Computers. Before confirming the purchase, the website asks her to prov
grandymaker [24]
The correct answer is B. e-Signature

It usually use to confirm one's identity through biometric measurements such as signature, fingerprint, iris, hand geometry, etc.

Usually being done to prevent security breach from malicious bots.
5 0
4 years ago
Robert is including a description of the construction industry and the main competitors in his area in his business plan for a c
mezya [45]

Answer:

C) competitive <u>analysis</u>

Explanation:

A competitive analysis is a business plan part which reflects on the key competitors of our business (their key characteristics which are relevant for our business plan or product in general).

In this example, Robert would bring out the key characteristics of the construction industry (industry trends, industry segments etc.) and list out the relevant competitors and their potential <em>competitive advantage</em>. If Robert's company is a construction business specialized in skyscraper building in LA, he would list construction companies specialized in high-rise building located in California.

With the aid of a proper competitive analysis, Robert will be able to point out the business areas where it is possible to surpass our competitors. For example, when Robert decomposes the product features of the ABC competitor company - materials used, project cost, project length, skyscraper portfolio, only then he is able to see what specific area in his company needs improvement.

On the other hand, an <em>executive summary</em> is a short description of our business goals, key financial indicators, strategies and forecast. It possesses summarized key information, similar to a pitch.

3 0
4 years ago
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