Answer:
Explanation:
1. True
Separation of record keeping for assets from custody over assets in custody over assets reduces theft and fraud . except in a case of collusion.
Fraud and theft of assets can be easily perpetrated and covered up when an individual combines the role.
2. False
Internal control focuses more on the internal operation of an organization rather than the external. Even though it can still be of impact in checking the excesses of external parties like the government agencies , but that is not its primary objective
3.True
Internal control's main objectives can be best accomplished when there is an operational system with managerial policies that protect waste , fraud and theft , being the major factors targeted to control
4.False
Separating the responsibility for a transaction between two or more individuals or departments is a major way of preventing creation of fictitious invoices and payment as it could have easily be detected if different individuals are involved in approval and payment of invoices.
Answer:
- Employees prefer to work for highly ethical organizations.
- Research has shown a correlation between organizations’ commitment to ethics and profitability.
- Most consumers would prefer to buy products made by a company that demonstrates ethical behavior.
Explanation:
I'm not sure that these statements are all true, but I really hope they are. As an employee I would definitely prefer to work for a highly ethical business, and I think most people would share my preference. There is a strong correlation between ethics and how the business is managed, and if an ethical business is well managed (e.g. employees are treated fairly), then both their employees and customers should notice and that should increase their efficiency and total sales. An increase in efficiency should usually result in lower costs + higher sales = higher profits.
Answer: U.S Treasury bonds
One of the main risks of investing is the risk of not getting back the amount invested. This risk is called default risk.
Income bonds, preferred stocks and subordinated debentures have default risk since there is no guarantee by the issuing companies that they will repay the principal, and interest or preferred dividends, as the case may be.
However, if an investor holds a U.S treasury bonds until maturity, the government gives a guarantee on the interest payment and principal amount. Hence the U.S treasury bonds are traditionally considered to have the least risk.
However, even U.S. treasury bonds are sensitive to inflation and interest rates.
Answer:
B. Core Competency
Explanation:
These factors are Amazon's core competencies, or main strengths that help differentiate Amazon from its competitors.
Answer:
A) 500,000 units
Explanation:
Calculation to determine what the number of units it would have to manufacture during the year would be:
Using this formula
Units produced= Finished goods Ending inventory+Units sold-Finished goods Beginning inventory
Let plug in the formula
Units produced = 60,000 + 510,000 − 70,000
Units produced = 500,000 units
Therefore the number of units it would have to manufacture during the year would be:500,000 units
