Answer:
$16,650
Explanation:
The computation for the market value of one contract is shown below:
= Size of the contract × current quoted price
where,
The Size of the contract is 50,000 lbs
and, the current quoted price is 0.333
So, the market value of one contract
= 50,000 lbs × 33.3 ÷ 100
= $16,650
hence, the market value of one contract is $16,650
Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.
Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.
Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.
Separation of duties reduces the risk of fraud or misconduct as each affected employee has access controls and restrictions in place. Task division is delegating different steps of the process to different people to delegate important functions.
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With respect to the environment in which a business operates, factors such as competition, political and legal forces, and economic climate would all be classified as uncontrollable elements.
What is a controllable element of the marketing environment?
- To adapt to shifting market conditions, consumer preferences, or business goals, the controllable variables can be changed throughout time as well as typically in the short term.
- Products, prices, promotions, distribution, and research efforts are among the variables that can be controlled.
What is the macro environment?
The main uncontrollable outside factors (economic, demographic, technological, natural, social and cultural, legal, and political) that have an impact on a firm's performance and decision-making.
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The type of presentation that Professor Buchanan give is
sales presentation. Sales presentation is a strategy that involves with selling
a product or the product or sales that is provided to the consumers are being
closed or is being initiated by the seller.
