<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
Answer:
1. The measures that City Bus Risk Manager should take in the risk management process are as follows
Figure out the risk context: In this case, we need to find out which market City Bus is catering to and what sort of service it can provide. The risk manager will take into account what the business requirements are, what are the technical criteria for delivering this service, such as the legal regulations that City Bus has to follow.
The life cycle of a product are as follows:
<span><span>1) Introduction - This involves the R&D, marketing, and launch of the product
</span><span><span>2) Growth - </span>This is the period of the life cycle when sales of increasing most quickly
</span><span>3) Maturity - sales are peaking, but the rate of growth is slowing down,
</span><span>4) Decline -final stage of the cycle, when sales begin to fall</span></span>
Based on components of Supply Chain Management, when a manufacturer sells its products directly to consumers, it engages in <u>Source</u> and <u>Delivers</u> supply-chain activities.
This is because Supply Chain activities is divided into five components.
The Source component is how firms or companies look for buyers, vendors, or consumers to buy their products directly.
Also, the Deliver component is by which the company delivers the products purchased by vendors, buyers, or consumers directly to them without intermediaries.
Other components of Supply Chain activities include the following:
Hence, in this case, it is concluded that the correct answer is <u>Source</u> and <u>Deliver</u>.
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Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.
<h3>What is Absolute advantage?</h3>
This is defined as the ability to produce more than available competitors in the market.
Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.
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