I believe that the correct answer would be A?
Answer:
Control environment
Explanation:
COSO model defines internal control as a process put in place by directors and management to ensure reasonable assurance of of strategic goals by aiming at effectiveness , efficiency and economic value of operations.
COSO's five components are control environment , risk assessment , control activities , information and communication and monitoring.
Of these components , control environment takes care of integrity and ethical values that addresses corruption practices in a business environment.
<span>The answer is letter c. approve loans
The Federal Reserve directly affects the ability of banks to approve loans because banks are being regulated.
Federal Reserve of Fed is the central banking system of the United States which largely response to financial panics.</span>
Answer: In a common size statement each item is expressed as a percentage of some common base.
Explanation:
have a nice day!
Answer:
The correct answer is the option (C).
Explanation:
According to Timothy Walters, if price increases by $1 from $6 to $7 then quantity demanded will reduce from 1,200 units to 900 units.
This will lead to decrease in total revenue from (1,200 * $6) $7,200 to (900 * $7) $6,300.
According to Jack Mayers, if price increases by $1 from $6 to $7 then quantity demanded will reduce from 1,200 units to 950 units.
This will lead to decrease in total revenue from (1,200 * $6) $7,200 to (950 * $7) $6,650.
It can be seen that with increase in price, total revenue is decreasing in both cases. This happens when demand is elastic.
So,
Timothy and Jack will most likely to agree that the demand for good A is elastic.
Hence, the correct answer is the option (C).
