Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in <u>domestic markets</u>, the predictions will be MUCH MORE accurate than when forecasting legal decisions in <u>foreign markets</u>.
<h3>What is the difference between domestic and foreign markets?</h3>
The difference between domestic and foreign markets is that a company offering forecasting legal decisions will be very more familiar with the domestic market than the decisions that can be taken in foreign markets.
Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in <u>domestic markets</u>, the predictions will be MUCH MORE accurate than when forecasting legal decisions in <u>foreign markets</u>.
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Answer:
d. All of the above are correct.
Explanation:
In the case when the government decided that each kind of family required atleast income i.e. $25,000 so it would decrease the work incentive for earning till to $25,000 also it should be taxed by the government. In addition to this, in the case when the workers are discouraged so they miss on the job training and limits their capability for improving out their skills
So as per the given scenario, the option d is correct
A large office supply company sells many of its consumer products over the Internet. This is known as e-commerce.
Trading the consumer products over internet is the current trend these days. This way is known as e-commerce.
What is E-commerce?
- E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet.
- These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.
- E-business and e-commerce are frequently used interchangeably. The transactional procedures that make up online retail shopping are also occasionally referred to as e-tail.
- The widespread use of e-commerce sites like Amazon and eBay over the past 20 years has significantly boosted the growth of online retail. According to the U.S., e-commerce made up 5% of all retail sales in 2011.
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Answer:
d.guarantee the company will earn a profit
Explanation:
Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.
Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc
Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.
Hence Internal control does not consist of policies and procedures that guarantee the company will earn a profit.
The right option is d.
