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3 years ago

How have technological Innovations Increased risks in business organizations!

Business

2 answers:

NeTakaya3 years ago

8 0

Answer:

Businesses are more susceptible to information leakages as a result of technological inventions.

They also have to spend more money in the purchase of technologies that might be expensive to maintain.

Explanation:

1. Business organizations carry out a lot of activities that center on information sharing. The advent of technologies comes with risks from hackers who might want to intrude in the information of the company. When the system is compromised, customers can be disappointed and important and sensitive information may be lost to attackers or competing organizations that might fund such attacks. This will impose an information risk to the company.

2. The purchase of new technologies come at a high price. Personnel conversant with the use and operation of these technologies may be hard to find and might require training to be effective in the use of these machines. These machines can easily fall into disuse when they are not properly maintained. This will impose a financial risk to the company.

Andre45 [30]3 years ago

6 0

Answer:

Businesses are more susceptible to information leakages as a result of technological inventions.

They also have to spend more money in the purchase of technologies that might be expensive to maintain.

Explanation:

Hope this helps

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Wealth creating transactions are more likely to occur a. With private property rights b. With contract enforcement c. Both a a

Marina86 [1]

Answer: C

Explanation:

Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.

Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.

Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.

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3 years ago

Prices enable a market economy to adjust to unexpected events bya.maintaining consumption and production at stable levels.b.gove

baherus [9]

Prices enable a market economy to adjust to unexpected events by adjusting consumption and production.

Option: D

Explanation:

The Government commands significant aspects of economic activity in a centrally planned economy. The government determines the factors of production and owns the enterprises which produce public goods and services. The government is pricing and manufacturing products and services which it believes help individuals. The unexpected events may be like the ongoing corona-virus pandemic, during this phase of economy the states are regulated by adjusting the production and consumption in market, either by decreasing the price of some commodities or by maintaining supply in market.

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3 years ago

The person to contact to arrange a home purchase loan is the:

babunello [35]

The answer is mortgage broker or letter c. They are the ones who collect the documents required from the person will borrow. He then submits it to the mortgage lender where it will be examine and approved. If it does get approved, then the funds are lent in the lender’s name. The broker gets the original fee as compensation for his work.

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3 years ago

March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable from Leer Co. 29 Leer Co. unexpectedly pays

Tasya [4]

Answer:

The following journal entries would be recorded in Dexter's books:

March 11: When Dexter determines that it cannot collect $45,000 of its accounts receivable from Leer Co.

Debit Bad debt expense $45,000

Credit Accounts receivable $45,000

March 29: When Leer Co. unexpectedly pays its account in full to Dexter Company:

Debit Accounts receivable $45,000

Credit Bad debt expense $45,000

To recognize the cash payment:

Debit Cash xxxx

Credit Accounts receivable xxxx

Explanation: The above journals were premised on the assumption that Dexter Company applies the direct write-off method in accounting for uncollectible accounts.

A reversal of the journal entries was recorded on March 29 because the two events occurred in the same month, before Dexter Company closes its account for the month of March. The purpose of the reversal was to reinstate the accounts receivable to 100 per cent. But if the write-off entries were recorded long ago (past year), and Leer Co. did a part settlement of the amount that was deemed collectible and suddenly paid the amount that was already written off, then the entries to be recorded would be Debit Cash, Credit Other income / recovery account.

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4 years ago

What is finance? The study of a business's past financial decisions The study of how to allocate assets to maximize returns The

dimulka [17.4K]

Answer: The study of how to allocate assets to maximize returns

Explanation:

Finance refers to the study of how to allocate assets to maximize returns. Finance refers to the study, management, and creation of money and investments.

Finance simply explains how economic agents such as the individual, company or government gets money and how such money is being used.

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3 years ago