Answer:
Whenever an accountant have some alternatives for reporting a transaction then there are some certain ethical issue for which an accountant must be aware;
1. is this method is permissible by the accounting standards?
2. Is this method permissible by the norms of the firm and industry?
3. Is this method violates ethical code of an accountant?
4. Is this method helps in maximizing overall welfare of stockholders?
5. Is this method helps in depicting true financial information to the stakeholders?
6. is this method really helps a firm in getting its objectives?
So before accepting any alternative an accountant should consider above mentioned points.
If alternative are successful on the above parameters then accountant can accept that alternative and in such case this alternative will not violate any ethical issue.
Explanation:
I think that statement is false
a letter of credit does not states that an exporter has availed credit from the bank to manufacture goods, but it st<span>ates that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents instead.</span>
Answer:
False
Explanation:
' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.
Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.
There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.
After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.
Increase in price due to increase of demand. But that doesn't seem to be an option so I would go with the last option.
Answer:
The correct answer is D
Explanation:
Outsourcing is the term which is defined as the contract or an agreement in which one company hires another company for being responsible or accountable for the existing or planned activity or operation which could be done internally and sometimes, it include the transferring of the assets and employees from one business to another.
So, the outsourcing challenges involve or comprise of the confidentiality, competitive edge and the length of the contract. Therefore, it does not decrease the expense and frustration in relation to retaining and hiring the employees.
