The first step in getting employees to appreciate the importance of during the orientation process, the employee receives training in a variety of topics, including data privacy and the protection of personal information.
What is data privacy?
The area of data management that deals with treating personal data in accordance with privacy laws, rules, and industry best practices is known as “data privacy.”
Prior to accessing systems containing personal data, a new employee should have at least a basic understanding of personal data.
Maintaining a culture of personal data protection within the organization, including health data, biometric data, criminal convictions, and security measures data, will depend in large part on keeping employee awareness levels at the greatest possible level.
Hence, the significance of the data privacy is aforementioned.
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Answer: The distribution of sample means is:
As the sample size is more than 30 so the sampling distribution of the sample means can be said to be approximately normal with the mean equal to 10.53 hours and standard deviation equals to 0.33 hours.
Explanation:
The mean,
μ=10.53
The population standard deviation,
σ= 2
The sample size, n=36
z score:
z= (xbar −μ)/σ
The standard error:
σxbar=σ/√n
=2/√36
=0.33
The standard error represents the distribution sample mean is 0.33.
Answer:
0
Explanation:
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
accounting profit = revenue - explicit cost
Explicit cost includes the amount expended in running the business.
100,000 - (25,000 + 40,000 + 25,000) = 10,000
economic profit = 10,000 - 10,000 = 0
An income statement that includes cost of goods sold as another expense and shows only one subtotal for total expenses is a single step income statement.
A financial statement that outlines the company's revenue and outlays is called an income statement. It also displays a company's profitability or loss over a specific time frame. You can better comprehend the financial health of your company by using the income statement, balance sheet, and cash flow statement.
An overview of a company's revenue and expenses is provided by a single-step income statement. This uncomplicated report simply summarizes a company's bottom-line net income, expenses, and revenue.
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Answer:
The break-even in monthly dollar sales is closest to $215,000
Explanation:
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units
The break-even in monthly dollar sales = 935 x $230.00 = $215,000
