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Tatiana [17]
3 years ago
12

f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the

wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Business
1 answer:
tiny-mole [99]3 years ago
3 0

Answer:

b

Explanation:

The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks

The functions of The operational risk committee includes :

  1. Identify possible risks
  2. Evaluate the risks
  3. Develop and implement strategies needed to manage the risk
  4. Evaluate the risk and strategize implemented regularly

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Organizations commit resources to cross-functional team development to: Group of answer choices give internal users ownership of
astra-53 [7]

Answer: The correct answer is "achieve time, quality, or cost-reduction".

Explanation: Generally, the objective sought by organizations when committing resources for the development of multifunctional equipment is to meet the objectives of time, quality or cost reduction in a variety of tasks.

6 0
4 years ago
Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $137.50. The following vouchers were issue
mafiozo [28]

Answer:

1. Dr Petty cash $137.50

Cr Cash $137.50

2. Dr Postage due $ 3.40

Dr Office supplies $13.00

Dr Auto repair (miscellaneous) $40.00

Dr Drawing (Joy Adams) $23.00

Dr Donation (Red Cross) $8.00

Dr Travel expenses $24.00

Dr Postage stamps $3.10

Dr Phone call $4.00

Dr Donation (Boy Scouts) 18.00

Cr Cash $136.50(

3. Dr Petty cash $1.00

Cr Cash $1.00

Explanation:

1. Preparation of the journal entry to establish the petty cash fund.

Dr Petty cash $137.50

Cr Cash $137.50

(Being to establish the petty cash fund)

2. Preparation of the journal entry to Record the vouchers in the petty cash record. .

Dr Postage due $ 3.40

Dr Office supplies $13.00

Dr Auto repair (miscellaneous) $40.00

Dr Drawing (Joy Adams) $23.00

Dr Donation (Red Cross) $8.00

Dr Travel expenses $24.00

Dr Postage stamps $3.10

Dr Phone call $4.00

Dr Donation (Boy Scouts) 18.00

Cr Cash $136.50

($3.40+$13+$40+$23+$8+$24+$3.10+$4+$18)

(Being to Record the vouchers in the petty cash record)

3. Preparation of the journal entry to replenish the petty cash fund.

Dr Petty cash $1.00

Cr Cash $1.00

($137.50-$136.50)

(Being to replenish the petty cash fund)

4 0
3 years ago
Which of the following is not true about commission-only compensation plans for sales persons? Sales personnel are only compensa
jolli1 [7]

Answer:

It is the first one you typed

4 0
3 years ago
The production, purchase, and sale of goods in a world-wide market is known as the _____.
Akimi4 [234]
The answer you are looking for is

Global economy
8 0
3 years ago
Read 2 more answers
The accounting scandals of the early 2000s led many people to question the legitimacy of: ratio analysis as a means of evaluatin
STatiana [176]

Answer:

<h2>The accounting scandals of the early 2000s</h2>

led many people to question the legitimacy of:

allowing an accounting firm to do both consulting and auditing work for the same company.

Explanation:

1) Enron and WorldCom fell from grace during the scandal.  And Sarbanes Oxley Act of 2002 was introduced to regulate the practise of auditing, which was before self-regulated.

2) People felt that accounting firms were getting so much revenue from consulting that they did not pay much attention to their auditing work.

3) They also felt that the consulting relationship was jeopardizing their responsibilities and commitments as independent auditors.

4) Since they were involved in consulting and offering management services, they paid a lip service to their main responsibilities and directly compromised their positions as verifiers of the truth and fairness in the presentation of financial statements.

5)  According to Paul Krugman of The New York Times,  “the Enron debacle is not just the story of a company that failed; it is the story of a system that  failed.  And the system didn’t fail through carelessness or laziness; it was corrupted.”  People felt that the corruption arose from the performance of these separate services by the same auditing personnel and firm.

5 0
4 years ago
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