Answer:
The correct answer is letter "A": Provide periodic program review and necessary adjustment against gaps and or shortcomings.
Explanation:
Information Governance or IG principles are regulations that look for taking care of information security and control. Ten (10) are the IG principles and Continuous Improvement is the last one. This principle states that the programs reviewed by the IG are being transformed continuously which implies monitoring on a regular basis to avoid business gaps and shortcomings.
Answer:
The correct answer would be option C, The price needs to increase.
Explanation:
In order to maintain a balance or equilibrium, there should always be a balance between the quantity demanded and the quantity supplied. If quantity demanded exceeds quantity supplied, it means people are demanding the product more and the supply of that product is not meeting the demand. In this scenario when there is more demand of a product than supply, the price of the product should increase in order to create a balance between the quantity demanded and supplied, because it is the law of demand that when demand increases, the prices of the product also increases and vice versa. So to maintain the equilibrium, the price of the product should increase. In this way demand will decrease and will reach a point where demand will meet the supply of the product.
Because the demand between points A and B is inelastic, a $25-per-bike increase in price will lead to an increase, in total revenue per day.
in order for a price decrease to cause a decrease in total revenue, demand must be inelastic.
<h3>What is the price elasticity of demand? </h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
When the coefficient of elasticity is less than one, it means that demand is inelastic. When demand is inelastic, it means that the quantity demanded is not sensitive to changes in price.
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
- change in quantity demanded = 40 - 35 = 5
- Average of both demands = (40 + 35) / 2 = 37.50
- Midpoint change in quantity demanded = 5 / 37.50 = 0.133
Midpoint change in price = change in price / average of both price
- Change in price = 100 - 125 = -25
- Average of both prices = (100 + 125) / 2 = 112.50
- Midpoint change in price = -25 / 112,50 = -0,222
Midpoint elasticity of demand = 0.133 / -0,222 = 0.6
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
Answer:
The right answer is 3. Rights and obligations.
Explanation:
Liability accounts include all those financial obligations that a company has with suppliers, accounts payable, taxes, among others.
In getting the gross profit, you need to add all the assets and less the expenses. See below:
Asset - Expenses = Profit
Below are the assets:
$ 23,000 cash on hand
$ 34,000 cash on bank
Therefore the total asset is $ 57,500
While the expense is $41,500
Solution: $57,500 - 41, 500 = $16,000
I hope it helps
