Answer:
Option C, SAME WEIGHTS
Explanation:
A hazard is any source of potential damage, harm or adverse health effects on something or someone.
Risk assessment is a framework that uses hazard category as a starting point for evaluating risks. Risk assessment can be used in any situation where death, system loss, or property, equipment or environmental damage is a concern.
Experts use different risk assessment methods and approaches. Technical experts assign same weights to different ways of dying so they assign equal weights to hazards that take many lives at one time and to hazards that many lives at once.
Therefore, the answer that best suits the question is option C. Experts tend to assign the SAME WEIGHTS to hazards that take many lives at once as they do to hazards that take many lives one at a time.
Answer: Opportunity
Explanation:
1. Opportunity - Given the fact that employees are granted access to very important documents, this might provide them the opportunity to commit theft. Employees who occupy top positions have access to classified information of the company which when manipulated can result to disastrous consequences. It now be holds on the employers of labour or the internal control system, to limit access to such information so as to make it hard for such fraud to be committed.
The procedures used by auditors to provide evidence are in two phases namely; the planning phase and execution phase.
1. The procedure for the planning phase is - Designing Appropriate Procedures : The evidence in this case could be a red flag noticed in the account records. The person who tried to commit the fraud could change figures in places that may not be noticeable.
2. The procedure for the execution phase involves - Implementing Appropriate Procedures : The evidence could be seen as an error. This error most likely results in wasteful spending.
Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.
<h3>What is Absolute advantage?</h3>
Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.
International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.
Thus, it is absolute advantage.
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Answer: $650,000
Explanation:
Given that,
Fair and par value of issued bonds = $150,000
Prior acquisition, McGuire reported
Total assets = $500,000
Liabilities = $280,000
Stockholders’ equity = $220,000
At that date, Able reported
Total assets = $400,000
Liabilities = $250,000
Stockholders’ equity = $150,000
Account payable to McGuire = $20,000
Total assets reported by McGuire after acquisition:
= Total assets + Fair value of investment
= $500,000 + $150,000
= $650,000
Accepting a special order will improve overall net operating income if the revenue from the special order exceeds<u>-the variable costs associated with the order</u>
Explanation:
A special order refers to an extra or additional order of a item that is specifically requested by the customer.On the request or demand of the customer the company can take a special order
The rule to accept the special order is that if the benefits from the order exceeds the cost incurred then it is advisable to take extra order.
The capacity of the company to produce the special order is an important consideration in order to accept the special order
Thus we can say that
Accepting a special order will improve overall net operating income if the revenue from the special order exceeds<u>-the variable costs associated with the order</u>
