Answer:
1. Make messages specific.
2. Abide by all copyright laws
3. Keep conversations casual but professional.
Explanation:
In the business environment, care should be taken when exchanging electronic communication. This is because, electronic messages can be intercepted and unfavorable findings, used to launch legal proceedings. Some things to do to avoid the legal perils of electronic communication, include;
1. Be specific: Electronic communications do not have to beat around the bush. Rather, they should be specific and straight to the point. Ideas must be communicated as accurately as possible. Employers must also be specific about their policies on electronic communication.
2. Abide by all copyright laws: When using electronic or printed materials from other sources, credit must be given to the owners of such materials to avoid lawsuits or accusations of piracy.
3. Keep conversations casual but professional: While, thoughts have to be communicated freely, they should however, not be overly casual. Professionalism must be maintained.
Care should be taken to avoid deleting messages unnecessarily as they may be requested for retrieval to validate accusations. Also, a rule of thumb is not to write messages when we can just talk to the person.
Answer:
A
Explanation:
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
For example, in 1 hour, country A produces 10kg of beans and 5kg of rice and country B produces 5kg of beans and 10kg of rice.
Country A has absolute advantage in the production of beans while country B has absolute advantage in the production of rice
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
Answer: Incomplete question.
Match the following terms to there definition.
Explanation:
1. Tells whether a company can pay all its current liabilities if they become due immediately - Quick Ratio
2. Measures a company's success in using assets to earn income - Return on Assets
3. The practice of comparing a company with other companies that are similar - Benchmarking
4. Indicates how rapidly inventory is sold - Inventory turnover
5. Shows the proportion of a company's assets that is financed with debt - Debit Ratio
6. Tells the percentage of a stock's market value that the company returns to stockholders annually as dividends - Dividend Yield
7. Measures a business's ability to pay interest on its debt - Interest coverage ratio
8. Measures a company's ability to collect cash from credit customers -
Account Receivable Turnover
Answer:
E) All of these choices are correct.
Explanation:
A sales budget estimates the total amount of goods and services that a company plans to sell during the next accounting period, it includes both units of goods or services and the money they should generate.
The direct labor budget estimates how much the company will spend in direct labor during the next accounting period. It includes the wage rate per hour and the hours needed to complete the production requirements.
The overhead budget estimates the expected costs for all production costs except direct materials and direct labor, it is divided into variable overhead per unit and fixed overhead per total production.
The production budget estimates the number of units that should be produced, it doesn't consider production costs nor selling price.
The procedures are called PREVENTIVE CONTROLS. Preventive controls are part of internal control which are purposely built into the system.There are many types of preventive controls, for instance, separation of purchasing and accounting personnel in a company is an example of preventive control.