Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
<h3>What is financial transaction?</h3>
A financial transaction include details or business traction's between a buyer and a seller
It include communication, goods and services purchase or bought.
Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
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Answer:
B) excess insurance
Explanation:
Excess insurance is also known as excess waiver insurance and is amount that will be paid in case of an accident that exceeds normal insurance cover. The amount covered by excess insurance is agreed between the beneficiary and the insurance company.
It protects one against excess charges in cases where a car is stolen or damaged.
For example of you hire a car that has standard insurance, and it is involved in an accident. If the damage is above the limit of insurance cover you will have to pay the rental company the excess for the repairs. Excess insurance covers costs that are high, with some covering up to $6,000.
So if ABC purchases insurance for part of property loss that exceeds $1 million, they are purchasing excess insurance to protect themselves from loss.
Answer:
This is an example of expertise
Explanation:
Expertise can be seen with the wide range of knowlege. Expertise can be seen in how the knowlege is applied as well.
I'd recommend a "rain check", suggesting that as soon that specific product is replenished, you'll reserve one for them so this wouldn't happen again. I would also apologize for not having been prepared, and offer a small coupon or two as a form of compensation for the inconvenience. (That is, if you're able to offer coupons.) Another thing that would be important is to display professionalism in a stressful situation. That will show your higher ups that you are an asset to the business. Hope I helped! :)
Answer:
At this point, the managers of UPS are at the First step in the decision-making process, which is Identifying the problem.
Explanation:
The decision-making process consists of evaluating a particular situation, gathering information, developing plans and taking the necessary steps to make good quality decisions and obtain satisfactory results. This process has seven steps:
- Identifying the problem
- Collecting information
- Identifying the alternatives
- Weighing the evidence
- Choosing from alternatives
- Implementing actions
- Evaluating the results
For this particular case, the UPS managers are in the first step of the process. They have <u>identified an issue</u> with their profits <u>and defined a clear path for problem-solving</u>, which is increasing the profit via their existing operating income.
