Answer:
True
Explanation:
When goods are received, the receiving clerk sends copies of the receiving report to the inventory control clerk and the AP clerk.
The reason is that apart from the storekeeper who receives these goods, the inventory control clerk who does stock count ought to be aware of why there may be changes in stock the next time he/she counts, he also should be in possession of a control copy to substantiate the adjustment of inventory control records.
The Account Payable clerk has to update the Accounts Payables ledger with the amount payable for the goods received so that the company can have adequate record of the amount suppliers are being owed to date.
Answer:
Accrual basis.
Explanation:
The accrual basis of accounting refers to the accounting method where by revenues are recognized on the profit and loss statement when they are realized and not when the money is received.
Research indicates that high-performance project teams are much more likely to develop under certain conditions. One of these conditions is that members are assigned to the project manager.
High performance teams are composed of individuals with specialized expertise and complementary skills who are hyper focused and goal oriented on achieving clear and outstanding results
So the members are assigned to the project management. It is the process of leading the work of a team to achieve all project goals with the given constraints.
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Key escrow is the process of giving keys to a third party so that they can decrypt and read sensitive information.
<h3>What is key escrow?</h3>
- The process of holding the keys required to decrypt encrypted data in escrow so that, under certain situations, an authorized third party may obtain access to them is known as key escrow.
- The fundamental problem with a key escrow is that if the trusted third party is exposed, the whole system is compromised and must either be changed or all devices must be updated to utilize a new key.
- These are the encryption keys. And the encryption key must be stored by a third party so that we have a mechanism to decrypt data in the event that the original encryption key is lost or damaged.
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Answer: Having lower opportunity costs.
Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.