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Art [367]
3 years ago
10

Why should the people on the risk assessment team be different from the people responsible for correcting deficiencies

Business
1 answer:
aliya0001 [1]3 years ago
8 0

Answer:

It will help avoid conflict of interest.

Explanation:

When the people in risk assessment team are also the same team people correcting deficiencies, conflict of interest tends to arise.

Conflict of interest is when a person or staff in a department becomes unreliable due to a clash between personal interests and his professional responsibilities.

You might be interested in
What is the significance of price elasticity of demand to a producer​
Bumek [7]

Answer:

See the explanation below

Explanation:

Significance of price elasticity of producers:

  • useful in pricing decisions
  • when demand is elastic, firms have to reduce their price to earn more revenue
  • when demand is inelastic firms need to raise prices to earn more revenue
5 0
3 years ago
Assume that you are the owner of Campus Connection, which specializes in items that interest students. At the end of January of
Nookie1986 [14]

Answer:

The amount of net income for January was $24,100

Explanation:

Revenues from sales $115,100 (for this analysis is not important if the sales were in cash or on credit)

-

Cost of goods sold $48,000

------------------------------------

Gross profit $67,100

-

Salaries, rent, supplies, advertising, other expenses and monthly utilities (it is not important for this analysis if all the exenses were paid) -$43,000

-----------------------------------

Net income $24,100

3 0
4 years ago
A university officer wants to know the proportion of registered students that spend more than 20 minutes to get to school. He se
vlada-n [284]

Answer:

1) We need a random sample. For this case we assume that the sample selected was obtained using the simple random sampling method.

2) We need to satisfy the following inequalities:

n\hat p =25*0.52= 13 \geq 10

n(1-\hat p) = 25*(1-0.52) =12 \geq 10

So then we satisfy this condition

3) 10% condition. For this case we assume that the random sample selected n represent less than 10% of the population size N . And for this case we can assume this condition.

So then since all the conditions are satisfied we can conclude that we can apply the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So then the answer for this case would be:

a. Yes.

Explanation:

For this case we assume that the question is: If in the experiment described we can use the normal approximation for the proportion of interest.

For this case we have a sample of n =25

And we are interested in the proportion of registered students that spend more than 20 minutes to get to school.

X = 13 represent the number of students in the sample selected that have a time more than 20 min.

And then the estimated proportion of interest would be:

\hat p = \frac{X}{n}= \frac{13}{25}= 0.52

And we want to check if we can use the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So in order to do this approximation we need to satisfy some conditions listed below:

1) We need a random sample. For this case we assume that the sample selected was obtained using the simple random sampling method.

2) We need to satisfy the following inequalities:

n\hat p =25*0.52= 13 \geq 10

n(1-\hat p) = 25*(1-0.52) =12 \geq 10

So then we satisfy this condition:

3) 10% condition. For this case we assume that the random sample selected n represent less than 10% of the population size N . And for this case we can assume this condition.

So then since all the conditions are satisfied we can conclude that we can apply the normal approximation given by:

p \sim N (\hat p, \sqrt{\frac{\hat p (1-\hat p)}{n}})

So then the answer for this case would be:

a. Yes.

3 0
3 years ago
TimeEnough Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady, but migh
vova2212 [387]

Answer:

Time Enough is a question mark.

Explanation:

In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.

Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.

8 0
4 years ago
What are the consequences of a global basket of currencies in the world?
dlinn [17]

A currency basket is a collection of various currencies with varying weightings. It is frequently used to determine the market value of another currency, a procedure known as currency peg. Forex traders may also use basket orders to trade many currency pairs at the same time.

Currency baskets are also used in contracts to minimize (or reduce) the risk of currency changes. Currency baskets include the European currency unit (which was replaced by the euro) and the Asian currency unit. The most well-known currency basket, though, is the US dollar index (USDX).

The drawbacks are:

  • The first thing to make is that a basket currency peg system is opaque.
  • The second issue is that an intermediate regime often limits certain sorts of policy collaboration and may even allow policy conflict.
  • The third drawback, and arguably the most important, is that the basket currency system makes no declaration of the criteria governing management.

To know more about currency basket click here:

brainly.com/question/16292202

#SPJ4

5 0
2 years ago
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