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Answer:
Segregation of duties
Explanation:
Internal Controls are set of rules and guidelines that are followed to ensure effectiveness of business operations. The main risk in the business is weak internal controls. There are some organizations with strong internal controls but implementation of such controls is a challenge for organizations. There are human errors, IT security risks, fraud and compliance risk.
The risks associated with Olive limited is that there is no segregation of duties, Richard Palm is preparing journal vouchers, posts the journal vouchers and reconciles the balance himself. If he makes an error in recording a transaction there is no one who reviews his work and can identify an error. Also if Richard is involved in a fraud and collaborates with purchase department or sales department staff, he can pass a transaction without any supervision.
Answer:
D is the answer ( The demand for a resources is derived from the demand for what it can produce.)
Explanation:
Answer:
In the short run, these workers are variable inputs, and the ovens arefixed inputs. TRUE
Explanation:
The statement is true. The worker are defined on a weekly basis at will by Yvette hence, short-term thus variable input.
In the other hand; the oven were leased for the entire year thus, unchangable in the short run. Yvette's decition about the number of oven in her kitchen is a long-term decition as currently are fixed.
Answer:
The main determinant of profit is in any business is the number of production units.
Hope this helps..
Explanation:
