(A) $5. The market price to earnings per share of a stock is calculated using the P/E ratio (EPS). This company's ratio is 12 times earnings.
The profit of a corporation is divided by the number of outstanding shares of its common stock to arrive at earnings per share (EPS). The resultant figure is used to gauge a company's profitability. It is typical for businesses to publish EPS that has been adjusted for unusual expenses and possible share dilution. The more lucrative a corporation is deemed to be, the greater its EPS. Net income, commonly referred to as profits or earnings, is computed as net income divided by the number of shares outstanding. The numerator and denominator are modified in a more complex computation to account for shares that could be produced through options, convertible debt, or warrants.
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The adjustment for underapplied overhead ______ net income. Multiple choice question. increases both cost of goods sold and decreases cost of goods sold and increases decreases both cost of goods sold and increases cost of goods sold and decreases
Decreases cost of goods sold and increases net operating income. At the highest level, there are two options for increasing net operating income: either increase revenue or reduce operating costs.
How is net income affected by cost of goods sold?The direct cost of producing a good, which includes the cost of the materials and labor used to create the good, is the cost of goods sold. Since COGS is taken out of a company's revenue, it has a direct impact on profits. To increase profits, businesses need to control their COGS.
Is operating income affected by cost of goods sold?After subtracting the cost of goods sold (COGS) and other operating expenses from a company's sales revenues, operating income is what is left over. However, it does not account for financing costs, interest, or taxes.
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The adjustment for underapplied overhead increases cost of goods sold and decreases net operating income.
What are the underapplied overhead adjustments?Inadequate overhead costs are typically recorded as prepaid expenses on the company's balance sheet and offset by charges to the cost of goods sold (COGS) section by the end of the year. Cost of goods sold is the direct cost of producing the goods that a company sells.
How does underapplied overhead influences net income?Where overhead was underestimated, less overhead was applied to inventory than was actually incurred. To resolve this discrepancy, sufficient overhead must be applied retroactively to the cost of goods sold (and possibly to the final inventory). As cost of goods sold increases, underutilized overhead costs reduce net income.
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The annual budget resolutions required by the Congressional Budget Act of 1974 are based on recommendations from the Office of Budget Management and the __________.
The annual budget resolutions required by the Congressional Budget Act of 1974 are based on recommendations from the Office of Budget Management and the President of the United States.
An enterprise budget is a spending plan in your enterprise based on your income and prices. It identifies your to-be-had capital, estimates your spending, and enables you are expecting sales. Finances assist you to plan your enterprise activities and may act as a yardstick for setting up financial dreams.
Finance is a plan you write down to determine how you may spend your money every month. A budget allows you to ensure you will have sufficient money each month. without a budget, you may run out of cash before your subsequent paycheck. Finance shows you: how a whole lot of cash you make. In-depth and practical finances are one of the maximum vital tools for steering your commercial enterprise.
A budget provides important records for working inside your manner, managing surprising demanding situations, and turning a profit. A proper price range will pick out to be had capital, estimate prices, and anticipate sales.
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What is one reason why command economies may not work?
Disadvantages of command economies include a lack of competition, which can lead to a lack of invention and effectiveness.
In a command frugality, government-possessed directors aren't allowed to go out of business, so they have little inclination to produce quality products at low cost. Since private individuals couldn't enjoy the means of product, they had no inclination to search for better ways of serving consumers' wants and desires.
The government decides about the command economies the means of product and owns the diligence to produce goods and services for the public. The government prices and produces goods and services that it thinks to benefit the people.
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G The shareholders of a firm need to elect four new directors to the board. There are 14 million shares of common stock outstanding and the current share price is $15. If the company uses cumulative voting procedures (assume no seat staggering takes place), how much will it cost to guarantee yourself one seat on the board of directors
In a straight vote, each share of owned stock that the minority shareholder wishes to cast counts as one vote for each director position that is open.
What is Cumulative Voting?Companies employ cumulative voting, also known as accumulation voting or weighted voting, which is a multiple-vote mechanism, to encourage a more proportionate representation for shareholders. Each shareholder has one vote in a cumulative vote, which is one vote per share multiplied by the number of director posts that are open, with the votes being allocated in the shareholder's preferred order.Cumulative voting is used to give minority shareholders more sway over the choice of the board of directors. A shareholder may cast all of their ballots for one candidate under the cumulative voting system. It is not a frequently adopted voting system among S&P 500 businesses, despite the fact that the mechanism gives minority shareholders more voting power.Cumulative voting has previously been utilized by businesses like Hewlett-Packard (HPE), as an example. Cumulative voting, however, was abolished by Hewlett-Packard in 2016 for the reason that it "is incompatible, and fundamentally at odds, with a majority vote standard for electing directors" because it "allows relatively small stockholders to elect directors who are not supported by a majority of the company's shareholder base."To Learn more About straight vote, Refer To:
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What are 3 facts about mixed economy?
Three of the following characteristics of a market economy exist in a mixed economy. The first line of defense is private property. Additionally, it permits price to be determined by the free market and the principles of supply and demand. The third justification is that it is motivated by people's own self-interest.
What characteristics set a market economy ?
Supply and demand, as opposed to governmental interference, control the economy in a system known as a "market economy." In an economy with a fully open market, every resource is individually owned. Independent of the government, individuals decide how to distribute these resources. In the purest sense, there is no such thing as "free enterprise" or "market economy." closer ties with the US
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Which of the following is an assumption made in the money-creation process? • Banks only lend to borrowers who they know will pay them back. Banks lend out all deposits and hold no reserves. Banks hold all deposits as vault cash. All currency is deposited in a bank. Individuals do not deposit any currency in a bank.
Answer: All the options except the third one are assumptions made in money-creation process.
Explanation:
The following statements are assumptions made in the money-creation process:
Banks only lend to borrowers who they know will pay them back.
Banks lend out all deposits and hold no reserves.
All currency is deposited in a bank.
Individuals do not deposit any currency in a bank.
The statement "Banks hold all deposits as vault cash" is not an assumption made in the money-creation process. In fact, it is generally not true that banks hold all deposits as vault cash. Most banks hold only a small fraction of deposits as cash, and the rest is invested in various assets such as loans, securities, and other investments. This is known as fractional reserve banking, and it allows banks to create new money through the lending process.
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Pat recently moved to San Diego from Nevada, where he has an inactive broker license. He has passed the California broker license exam, but has not yet received his license. Pat found a buyer for a house in the neighborhood that was listed for sale. Escrow is scheduled to close in two days and Pat is looking forward to his commission check. Pat receives a call from the escrow officer telling him he will not receive a commission check. Which statement is correct?
The correct statement is: Pat is not a licensed California real estate broker at the time the compensation was
Who are Real estate brokers?A licensed professional who assists in the purchase, sale, and transfer of real estate is known as a real estate broker. They help clients with paperwork, making decisions, and complying with legal requirements by utilizing their expertise and understanding of the real estate industry.
There are three kinds of brokers:
Internet brokers are a brand-new type of digital investment that connects with customers online.Discount agents A stockbroker who executes buy and sell orders at a lower commission rate is known as a discount broker.Brokers with all services.the distinction between a broker and an agent:
Insurance companies are represented by agents. Buyers are represented by brokers. The insurance companies that agents represent sell policies. Brokers look for insurance policies from various companies.
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Individuals who are working part-time while seeking full-time employment are classified as O Phantom unemployed. O Discouraged workers. O Unemployed O Underemployed
The correct answer to the given question about the person who is working part-time and searching for a full-time job is option d) Underemployed.
When a person doesn't work full time or accepts a job that doesn't correspond to their actual skills and financial requirements, they are considered to be underemployed. That instance, their job doesn't fully utilize their degree and skills, or it just offers part-time employment. The total number of persons in an economy who are involuntarily working in low-skill and low-paying occupations or only part-time because they are unable to find full-time positions that utilize their skills is known as underemployment. The U.S. government counts both underemployment and unemployment in its reports to give a more accurate picture of the state of the labor market. Many different things, including business cycles and economic recessions, can contribute to underemployment.
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In testing the goodwill at an audit client in the retail industry, an auditor may seek to determine whether the account balance had been impaired. Such impairment procedures would be designed to test which financial statement assertion?
Existence.
Completeness.
Presentation and Disclosure.
Valuation.
Option D is correct. An auditor may try to ascertain whether the account balance has been harmed when evaluating the goodwill at a retail audit client.
What is Valuation Of Goodwill?Despite not being tangible or observable, goodwill is a real asset that may be bought, sold, and transferred. Some examples of goodwill include the value of a company's brand name, strong customer base, useful customer associations, positive employee associations, and any patents or proprietary technology.
The valuer's assumption is used to determine the goodwill valuation. In contrast to new businesses, a successful company builds a reputation within the sector, gains the trust of its customers, and has more extensive commercial connections. All of these factors have a role in determining how well the company is seen, and the financial value that a consumer is willing to spend is referred to as goodwill.
Customers who purchase a business in hopes of making super-profits do it in the name of kindness. Goodwill therefore only applies to companies that generate super-profits, not to those that generate normal losses or profits.
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A gain or loss on the exchange of similar assets will be recorded if the transaction has a. commercial substance. b. a high value. c. a trade-in allowance. d. boot.
Usually, the fair value approach will result in the realization of a gain or loss for exchanges with commercial substance.
How are gains and losses recorded?The carrying value of the asset is the asset's original purchase price less any accrued impairment charges and all accumulated depreciation. From the asset's sale price, deduct this carrying amount. A gain has occurred if the remainder is positive. A loss has occurred if the remaining is negative.
How is a conversation like that recorded?Fair value is almost often utilized as the accounting foundation to record items received in an exchange. The new model is then reported at fair value once the old asset's book value has been eliminated from the accounts.
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Neoclassical economic theory strongly supports the role of government in promoting balanced growth. True False
The statement is False. Neoclassical economic theory do not strongly supports the role of government in promoting balanced growth.
Neoclassical economics is an expansive hypothesis that spotlights on market interest as the main thrusts behind the creation, valuing, and utilization of labor and products. It arose in around 1900 to contend with the previous speculations of traditional financial aspects.
Neoclassical economics theories speculations underlie cutting edge financial aspects, alongside the precepts of Keynesian financial aspects. Albeit the neoclassical methodology is the most generally shown hypothesis of financial matters, it has its doubters.
Government job ought to be tiny and uninvolved.
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Bruce is a nonexempt employee at Grissom Industries, where he works in both the manufacturing and design departments. He is married with three dependents and is paid biweekly. He earns $25 per hour in the manufacturing department and $31.50 per hour in the design department. During the most recent biweekly pay period, he worked a total of 92 hours, 20 of which were in the design department. All overtime was in the manufacturing department. What is his gross pay
All overtime was in the manufacturing department. His gross pay is $2430.
Gross income is the sum of all wages, salaries, profits, interest, rent, and other income before any deductions or taxes for households and individuals. It is the opposite of net income, which is defined as total income minus taxes and other deductions.
Gross income is the difference between revenue and the cost of producing a product or providing a service before deducting operating expenses, wages, taxes, and interest payments for a business. It's not the same as operating profit. The terms gross margin and gross profit are sometimes used interchangeably, but they are not the same thing.
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What is zone of tolerance in service expectations?
The zone of tolerance is a range of service performance that a customer considers satisfactory
What is zone of tolerance in service?Customers will become irritated and less loyal if a performance falls below the tolerance zone. Customers will be pleasantly surprised by performance levels exceeding the tolerance zone, which will increase their loyalty.The zone of tolerance is the range between what customers expect from the service they want and the bare minimum that is acceptable. The desired service is the higher level of their expectation compared to the acceptable service, which can be thought of as the lower level.The zone of tolerance is crucial because it allows customers to accept fluctuation within a range of performance, and any improvement within this range will only have a minor impact on perceptions.The zone of tolerance (ZOT) is a novel idea that has recently gained interest
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How do you create a positive change in the workplace?
Create a positive change in the workplace Encourage open communication, Celebrate successes, Embrace diversity, Foster collaboration, Provide recognition and Encourage feedback.
What is workplace?Workplace is an online platform that enables businesses and organizations to connect and collaborate with their employees, partners, and customers. It provides users with a variety of tools and services to help them communicate, share ideas and information, and manage projects.
1. Encourage open communication – Open communication allows for the free flow of ideas, which can lead to positive changes.
2. Celebrate successes – Celebrating successes encourages everyone to work hard and strive for better results in the future.
3. Embrace diversity – A diverse workplace encourages different ideas and perspectives, which can lead to positive changes.
4. Foster collaboration – Working together can help achieve better results, which can create a positive change in the workplace.
5. Provide recognition – Recognizing employees for their hard work and accomplishments can help boost morale and foster a positive work environment.
6. Encourage feedback – Gathering feedback from employees can help identify areas of improvement and create positive changes.
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What are the 4 types of migration?
There are four major forms of migration, internal migration, external migration, return migration and seasonal migration
What is migration?he movement of a person or people from one country, locality, place of residence, etc., to settle in another. Migration is, first and foremost, a normal human activity. Human beings have always moved from ‘one country, locality, [and] place of residence to settle in another’. We tend to migrate from the homes of our families or guardians into our own homes. We migrate between regions, cities and towns. And we also migrate between countries. Internal migration: moving within a state, country, or continent. External migration: moving to a different state, country, or continent. Seasonal migration: moving with each season or in response to Labors or climate conditions Return migration: moving back to where you came from.
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What is an example of a country with a mixed economy?
Countries like England, France, and India follow the mixed profitable system where the state and private players control the coffers of distribution.
For illustration, the United States is a mixed economy, as it leaves the power of the means of production in substantially private hands but incorporates rudiments similar to subventions for husbandry, regulation on manufacturing, and partial or full public power of some diligence like letter delivery and public defense.
Nations like Norway and Germany are balanced near the middle of this diapason. They are some of the stylish exemplifications of this style of frugality. Still, the United States and the People's Republic of China could be said to have mixed economy.
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If the reserve ratio is 100-percent, then a new deposit of $1000 into a bank account O a. eventually increases the money supply by $1000. O b. leaves the size of the money supply unchanged. O c. eventually decreases the size of the money supply by $1000, O d. eventually increases the money supply by $2000.
If the reserve ratio is 100-percent, then a new deposit of $1000 into a bank account leaves the size of the money supply unchanged.
The amount of reservable liabilities that commercial banks must keep onto rather than lend out or invest is known as the reserve ratio. The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion.
The total amount of money and other liquid assets in an economy on the measurement date is known as the money supply. Both cash and deposits that can be accessed virtually as easily as cash are roughly included in the money supply.
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What do you mean by mixed economy in Mcq?
In a mixed economy, there is room for exploiting capital for financial benefit as both public and private business firms coexist. However, it is anticipated that societal goals will be served by government action. But in this place, capitalism and socialism coexist.
What serves as a private business's purpose?
As long as they do so in accordance with the Law, voting shareholders of a private firm are significantly more free to choose the company's objectives than those of public corporations (whose stock exchange criteria must be observed). This is so because a private company's shares are all privately owned.
The company's articles and memorandum of incorporation, or a shareholder agreement that includes establishes the board's authority and composition, frequently contain a description of the company's mission and bylaws.
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What is one way that technology can improve the production of goods websites can allow consumers to purchase goods online?
Customers can buy products online using websites. Multiple items can be transported simultaneously using container ships. Automation makes it easier and more affordable to produce items.
A client is someone who makes a purchase from a seller, vendor, or supplier of goods, services, products, or ideas in exchange for cash or another beneficial consideration. Sales, business, and economics are all covered by this term. Regular, sustained commerce is made possible by customers who frequently transact with a seller. This allows the seller to develop statistical models to improve supply chains and production procedures. The Latin word "clientus," which meaning "to incline" or "to bend," is where the term "client" originates. It has something to do with the sentimental idea of closure. It is widely believed that regular changes are only made by people when they are motivated by fear or greed. Since gaining a client is such a rare occurrence, experts who can deal with particular difficulties are in high demand.
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Technology can improve the production of goods in many ways, but one of the most common is through websites. Websites allow consumers to easily search for products, compare prices and features, and purchase goods online. They also enable companies to automate their order processing, keep track of inventory, and provide customer service. Additionally, websites can be used to advertise products, build brand awareness, and engage customers in marketing campaigns.
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If you want $1,000 three years from now and you earn 4 percent on your savings, how much do you need to deposit
If you want $1,000 three years from now and you earn 4 percent on your savings $ 889 do you need to deposit.
What does the term deposit mean?Money kept at a bank is considered to as a deposit in the financial industry. A deposit is a deal in which money is given to another individual to keep safe.
The following formula can be used to determine the principle amount:
A = P x (1 + i)n
P = A/(1+ i)n
P equals the principle amount.
A = amount paid upon maturity = $1,000 I = compound interest = 4%, or 0.04 per year n = number of periods = 3 years x 1, which is 3 periods
[Let compounding occur only once each year]
The values in the formula above lead to the following results:
P = $ 1,000/(1 + 0.04)3
= $ 1,000/(1.04)3
= $ 1,000/1.124864
= $ 888.9964 or $ 889
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Who participates in a mixed economy?
In the mixed mixed economic system, the private sector, the public sector, and the joint sector coexist side by side. Both the government and private companies share responsibility for each division's tasks. 51% of the total capital is owned exclusively by the state.
Describe the private sector.
The private sector refers to the area of an economy that is run by people and companies as opposed to a government agency. The bulk of private sector companies are run with the intention of producing money.
The area of the economy that is under the control of the government is known as the public sector. Charities, non-governmental organisations (NGOs), and nonprofits make up a third of the economy.
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Sympatico Accountants engages ABC Tax preparers to prepare routine tax returns during the busy season. Under the AICPA Code, which of the following should Sympatico do prior to sharing its clients' information with ABC?
A. Inform its tax clients that the firm may be using an outside service when providing professional services.
B. List a note in the local newspaper that the firm may be using an outside service when providing professional services.
C. Ask clients to sign a waiver limiting Sympatico's liability in the event ABC makes errors in Sympatico's tax returns.
D. Sympatico would not be required to take any particular action in this situation.
The right response is A. Let its tax clients know if the company occasionally uses an outside service while rendering professional services.
ExplanationBefore disclosing the information, the client's authorization must be secured in writing; a newspaper notice is not sufficient. Option B is therefore erroneous. Getting the client's consent comes first before any disclosure of their information is made. Option C is therefore erroneous. The client's consent is necessary in order to reveal client information to third-party service providers. The confidential client information regulation forbids disclosure without authorization. Consequently, option D is untrue.
Code of Professional Conduct of the AICPA:
This code of conduct was created by the AICPA with the intention of directing the
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Smiling Cow Dairy can sell all the milk it wants for $5 a gallon, and it can rent all the robots it wants to milk the cows at a capital rental price of $200 a day. It faces the following production schedule: Number of Robots Total Product (Gallons) 0 0 1 60 2 100 3 135 4 155 5 170 6 180 In what kind of market structure does the firm sell its output
The company sells its goods in a cutthroat marketplace. You can see that from the fact that the business can sell all the milk it needs for $5. This price was set by the market, and the company is a price-taker.
We calculate the robots' marginal product(market structure) and marginal value product using data on their overall output. The extra output that results from hiring another Robot is known as the marginal product. The business can rent as many robots as it wants in a cutthroat market to increase revenues. The ideal robot count is established at the point where the marginal value of each robot is exactly equal to its rental cost.Robots are being rented by the company in a cutthroat market. According to the information provided, the company is permitted to rent as many Robots as desired for the same $200 per month. The company wouldn't be able to rent all the Robots it wants for the same price if the market wasn't competitive.
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Which component of the communication model is responsible for initiating the transaction and encoding the message
Sender is the component of the communication paradigm that initiates the transaction and encodes the message.
What exactly is communication?The conveyance of information is commonly defined as communication. The phrase can also apply to the message itself, as well as the branch of study that investigates these transmissions, known as communication studies. Some people argue about the specific definition of communication, such as whether inadvertent or unsuccessful transmissions are included, and whether communication not only transmits meaning but also creates it. Communication models seek to give a simplified understanding of its primary components and their interactions. Many of them incorporate the notion that a source use a coding system to convey information in the form of a message. They send it across a channel to a receiver, who must decode it to comprehend its meaning.
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How does insurance benefit the society and economy?
Insurance benefits the society and economy by providing financial stability and security by covering medical costs, property damage, and other losses due to accidents or emergencies.
Insurance plays a vital role in protecting society and the economy. It helps protect individuals, families, and businesses from unforeseen risks and losses.
It also helps to encourage businesses to take on risky activities, such as starting a new venture, since they can be assured that they are protected in the event of a loss. Insurance also helps to create and sustain a healthy economy, as it provides a financial cushion when the unexpected happens.
This helps to ensure that individuals and businesses can continue to function and grow, even in the face of a crisis. Insurance is an essential part of a functioning society and economy, helping to protect people and businesses from financial losses and creating a more secure environment for all.
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According to Keynes, which of the following should the government do when the economy overheats?
A. Employ more people. B. Decrease spending. C. Decrease taxes. D. Practice laissez faire policies.
According to Keynes, employ more people is the government should do when economy overheats.
What is economy overheating?An economy overheats when its production capacity is unable to keep up with the rising total demand. Economic growth that is below average and occurring at an unsustainable rate is often used to describe it. During boom times, overheated economies are frequently observed. The economy is said to be overheated when inflation increases as a result of a consistently excellent growth rate and producers overproduce, creating excess production capacity. Overheating typically results from a high total demand. If the short-term aggregate demand for commodities exceeds the long-term aggregate supply, there must be resource misuse to meet the extra demand. This can be accomplished by employing extra shift workers or operating machinery past its allotted time of operation.
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TCS the scrum team is using the KANBAN board to make work visually availible to all. What cannot be inferred from the board
Kanban is less structured than scrum, thus the scrum team using the kanban board must work through a backlog.
Explanation:.Utilizing a visualization tool that can be utilized physically or electronically, the Kanban board is used to optimize workflow. Utilizing the Kanban method enables the organization to cut expenses, and the sites quickly adapt to changes.
.Activities that are unnecessary or wasteful are not included. It utilizes the team's full ability and produces results quickly thanks to a short cycle time.
• The Kanban board's workflow is monitored using a cumulative flow diagram. Kanban is a tool for organizing work into tasks. The breakdown graphs serve as tracking tools.
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The Sarbanes-Oxley Act of 2002 greatly increased the accountability of auditors, executives, and corporate lawyers. This law is an example of which segment of the general environment ?
O economic
O sociocultural
O political and legal
O demographic
Option C, The Sarbanes-Oxley Act of 2002 is an example of the political and legal segment of the general environment as it's a federal law passed by the United States Congress to protect investors by improving the accuracy and reliability of financial reporting, and to prevent fraud and corporate misconduct.
The Sarbanes-Oxley Act of 2002 is an example of the political and legal segment of the general environment. This law is a federal law passed by the United States Congress in response to a number of corporate and accounting scandals, such as Enron and WorldCom.
The law increased the accountability of auditors, executives, and corporate lawyers, by imposing new or expanded requirements for financial reporting, corporate governance, and internal controls.
The law aims to protect investors by improving the accuracy and reliability of financial reporting and preventing fraud and corporate misconduct, and it is a legal requirement for public companies. It falls under the category of political and legal environment as it's a law passed by the government and it's affecting the way companies operate, report, and govern themselves.
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What is opportunity cost in risk management?
Explanation:
Opportunity cost risk occurs when a better opportunity presents itself after an irreversible decision has been made. In a financial context, opportunity cost is often articulated in terms of the time value of money, and can be defined as the failure to use cash in an economically efficient way.
To ensure the best-quality audio for business phone calls, which of the following is the best choice
To ensure quality audio for business phone calls, which of the following is the best choice for a landline connection.
A landline (landline, landline, most important line, home telephone, fixed-line, and wireline) is a cellphone connection that makes use of steel wires or an optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses radio waves for signal transmission.
you do not want to have a landline cellphone in case you want broadband. but to get broadband from an Openreach-primarily based provider, your house ought to have a bodily-related phone line.
A landline smartphone is a domestic phone that uses a copper twine connection rather than a wireless connection. they are nonetheless used by many humans nowadays, particularly in areas with bad mobile cellphone reception.
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