Reperformance of entity controls designed to process and record issuances is one of raw materials in auditor's test. Beside that examination of materials requisitions also being materials in auditor's control.
An audit test generally can be defined as a sample taken from a larger population, with the intent of testing the sample for certain characteristics. The characteristic in auditor test then being extrapolated to the entire population. There are several types of auditor tests, such as Inquiry, Examination or Inspection of Evidence, Re-performance, Observation and also Computer Assisted Audit Technique (CAAT).
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What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Help ASAP. The assignment's due tonight
The GDP growth rate, also known as economic growth rate, is measure of the change in country's gross domestic product (GDP) over a specific period of time, usually year or quarter.
What is economic growth?Economic growth refers to the increase in the production and consumption of goods and services in an economy over a specific period. This growth can be measured by changes in gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth is generally seen as a positive development, as it creates jobs, increases income and improves living standards for people. However, it can also have negative consequences such as environmental degradation, inequality and inflation. Governments and central banks often try to promote economic growth through various policies, such as fiscal stimulus, monetary policy and investments in infrastructure and education.
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If the local government imposed a minimum wage of $4 in productionville, how many people would be unemployed
If the local government imposed a minimum wage of $4 in production Ville, then employment will decrease by 0.
Who among the following would be counted as unemployed?
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed.
How do we figure out the unemployment rate?
To find the proportion of unemployed people, divide the number of unemployed people by the total workforce, and multiply the result by 100.
What is considered the natural rate of unemployment?
Many people believe that a rate of unemployment between 4% and 5% indicates full employment and is not very alarming. The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment.
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On July 1, 2017, Torvill Construction Company Inc. Contracted to build an office building for Gumbel Corp. For a total contract price of $1,672,000. On July 1, Torvill estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019
To determine the profit or loss on a long-term construction contract, we need to calculate the percentage of completion and compare the total costs incurred to date to the total contract price.
We may generate the following table based on the data given:
Year Accumulated Costs Estimated Costs to Complete Accumulated Billings
2017 $400,000 $800,000 $400,000
2018 $1,200,000 $400,000 $1,000,000
2019 $1,600,000 $72,000 $1,500,000
To calculate the percentage of completion, we can use the cost-to-cost method. This method compares the costs incurred to date to the estimated total costs. The percentage of completion is the ratio of costs incurred to date to the estimated total costs.
For 2017, the percentage of completion is:
Percentage of completion = Accumulated costs / (Accumulated costs + Estimated costs to complete)
= $400,000 / ($400,000 + $800,000)
= 33.33%
For 2018, the percentage of completion is:
Percentage of completion = Accumulated costs / (Accumulated costs + Estimated costs to complete)
= $1,200,000 / ($1,200,000 + $400,000)
= 75%
For 2019, the percentage of completion is:
Percentage of completion = Accumulated costs / (Accumulated costs + Estimated costs to complete)
= $1,600,000 / ($1,600,000 + $72,000)
= 95.58%
To calculate the total costs incurred to date, we can sum up the accumulated costs from each year:
Total costs incurred to date = $400,000 + $1,200,000 + $1,600,000
= $3,200,000
Since the building was deemed substantially completed at the end of 2019, we can assume that the remaining estimated costs to complete are zero. Therefore, the total estimated costs for the project are:
Total estimated costs = Total costs incurred to date + Estimated costs to complete
= $3,200,000 + $0
= $3,200,000
To calculate the gross profit or loss, we can subtract the total costs incurred to date from the contract price:
Gross profit or loss = Contract price - Total costs incurred to date
= $1,672,000 - $3,200,000
= -$1,528,000
Since the result is negative, the project is currently showing a gross loss of $1,528,000. However, it's worth noting that this calculation only provides a snapshot of the project's financial status at the end of 2019, and any subsequent changes to costs or billings could impact the final outcome.
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Pepsico entered into a long-term contract with a south african beverage company. The contract calls for the south african firm to produce and market pepsi products in the country. Pepsico will receive royalties on each case of sodas sold. This is an example of.
Pepsico signed a long-term agreement with a beverage manufacturer in South Africa. According to the agreement, the South African company must manufacture and promote Pepsi goods there. Every time a case of soda is sold, Pepsico will collect royalties. This is an example of licensing.
The term "licensing" refers to a commercial agreement in which one firm grant another company a temporary right to use its intellectual property, such as its manufacturing method, brand name, copyright, trademark, patent, technology, trade secret, etc., in exchange for fair compensation and subject to certain terms.
Coca-Cola and Pepsi, for instance, are made and marketed locally by bottlers in several nations under a license structure.
In more precise words, it is the simplest kind of commercial partnership in which a corporation rents out its market-specific product expertise in return for access to the market.
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Graded potentials adhere to the all-or-none principle. true / false
Graded potentials are proportional to the strength of the input signal and can vary in magnitude.
False. Graded potentials do not adhere to the all-or-none principle.
The all-or-none principle is a concept in physiology, neurology, and biology that states the strength of a neural response is consistent and determined by the intensity of the stimulus. According to this principle, an excitable cell will either respond completely or not at all to a stimulus, without any partial response. However, graded potentials, which are changes in the membrane potential of a cell, do not adhere to the all-or-none principle.
Graded potentials exhibit a proportional relationship between the size of the potential and the strength of the input signal. In other words, the larger the input signal, the larger the resulting graded potential. It is important to note that graded potentials can contribute to the generation of action potentials in neurons if they reach a certain threshold level. The decision for an action potential to occur depends on the summation of graded potentials.
Unlike action potentials, graded potentials are not obligated to trigger an action potential. Their occurrence is contingent upon the strength of the input signal. On the other hand, action potentials consistently occur with the same intensity and rely on reaching a specific threshold level. Therefore, graded potentials deviate from the all-or-none principle due to their variable response based on input strength.
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The capitalized cost, c, of an asset over its lifetime is the total of the initial cost and the present value of all maintenance that will occur in the future. It is computed by the formula c = c0 + integral 0 L m(t) e^-rt dt, where c0 is the initial cost of the asset, L is the lifetime (in years), r is the interest rate (compounded continuously), and m(t) is the annual cost of maintenance. Find the capitalized cost under the following set of assumptions. c0 = $300,000, r = 5%, m(t) = $30,000, L = 25 c = $
The capitalized cost (c) of the asset, based on the given assumptions, is $1,492,296.59.
Using the formula for the capitalized cost, we can substitute the given values into the equation:
c = c0 + ∫₀ ˡ m(t) e^(-rt) dt
Given:
c0 = $300,000 (initial cost)
r = 5% (interest rate)
m(t) = $30,000 (annual cost of maintenance)
L = 25 (lifetime in years)
Substituting these values into the equation, we have:
c = $300,000 + ∫₀ ²⁵ $30,000 e^(-0.05t) dt
To evaluate the integral, we integrate with respect to t and apply the limits of integration:
c = $300,000 + [$30,000 / -0.05 e^(-0.05t)] from 0 to 25
c = $300,000 + [$30,000 / -0.05 (e^(-0.05 * 25) - e^(-0.05 * 0))]
Simplifying the expression, we get:
c = $300,000 + [$30,000 / -0.05 (e^(-1.25) - 1)]
Calculating the exponential term, we find:
c = $300,000 + [$30,000 / -0.05 (0.2865047967 - 1)]
c = $300,000 + [$30,000 / -0.05 (-0.7134952033)]
c ≈ $1,492,296.59
Therefore, under the given assumptions, the capitalized cost of the asset is approximately $1,492,296.59.
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What are 20 things to do at home when I have nothing to do and have done all my online school?
If we observe a decrease in price of a good & an increase in the amount of the food bought & sold this could be explained by...
Answer:
Penetration pricing
Explanation:
Penetration pricing is a marketing strategy that is used to draw customers to a particular good or service by lowering its price. The reasons why companies use penetration pricing is to introduce a new product into the market by creating awareness and also to draw customers away from competitors that have their prices on the high side.
So, if we observe a decrease in price of a good & an increase in the amount of the good bought & sold this could be explained by penetration pricing.
The goal of this is to draw attraction from customers to the product and also keep them once the prices have been returned to their normal levels.
Explain how Transnet could respond to disruption as a risk by
making use of the ‘risk management process’
Transnet can ensure that it is prepared to deal with disruption risks. This process allows Transnet to identify potential disruptions, assess their impact, and develop and implement strategies to reduce their likelihood and mitigate their consequences. This helps Transnet to ensure that its services continue to operate smoothly, even in the face of disruptions.
Transnet could respond to disruption as a risk by making use of the ‘risk management process’ as follows:
Transnet is a state-owned enterprise that is responsible for managing South Africa's railway, ports, and pipeline infrastructure. It must respond to disruption risks in order to ensure that its services continue to run without interruption. Transnet's risk management process can assist it in identifying and addressing potential disruptions.
Explanation
Transnet's risk management process has the following steps:
1. Identify risks: The first step is to determine the sources of disruption and the likelihood of these risks occurring.
2. Analyze risks: The next stage is to assess the potential impact of these disruptions on Transnet's services and to prioritize them based on their severity
.3. Develop risk management strategies: The next stage is to develop strategies for reducing the likelihood of these risks and mitigating their consequences.
4. Implement risk management strategies: The next stage is to implement the strategies and monitor their effectiveness.
5. Review and improve the risk management process: The last stage is to evaluate the effectiveness of the process and make adjustments where necessary.
Conclusion
Therefore, by following this risk management process, Transnet can ensure that it is prepared to deal with disruption risks. This process allows Transnet to identify potential disruptions, assess their impact, and develop and implement strategies to reduce their likelihood and mitigate their consequences. This helps Transnet to ensure that its services continue to operate smoothly, even in the face of disruptions.
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3. What is meeting the deductible?
Answer:
The fiscal test group meets the deductible by incurring medical costs that equal the dollar amount of the deductible. The countable costs are added together. When they are equal to or greater than the amount of the deductible, the group can be certified for Medicaid.
Explanation:
A deductible is a set amount that a patient must pay each year before their health insurance coverage kicks in. Beneficiaries typically pay co-insurance—a percentage of costs—for any services covered by the plan after meeting the deductible.
19
Select the correct answer.
Rumi is giving a presentation about worker safety in a welding plant. Which technique would help her deliver an effective presentation?
OA. looking at her notes when she speaks
OB. speaking at a moderate pace that's easy to follow
OC. standing straight and avoiding moving around
OD. checking the equipment during the presentation
OE. quickly going over all the visual images
To deliver an effective presentation about worker safety in a welding plant, Rumi should use the technique of speaking at a moderate pace that's easy to follow.
So, the correct answer is B.
This technique would help her communicate clearly and ensure that the audience can understand and retain the information she presents.
It's also important for her to quickly go over all the visual images (Option E) to reinforce her points and engage the audience.
Looking at her notes when she speaks (Option A) and checking the equipment during the presentation (Option D) can be distracting and detract from the overall effectiveness of her presentation.
Standing straight and avoiding moving around (Option C) is important for maintaining a professional appearance, but it's not as critical as the other techniques mentioned.
Hence, the answer of the question is B.
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exxon mobil reported pretax earnings of $73,257 million in year 3. what amount of pretax earnings would have been reported by the company if inventory had been reported using the fifo costing method?
The effect of the authorization, from the creditor's point of view, is that now two parties (the original debtor and the new party) have to pay the debt instead of just one. An innovation, on the other hand, results in the release of the original debtor and the sole (new) third-party liability.
Assignment transfers the benefits of a contract from one party to another, but is only a benefit, not a burden. Conversely, an innovation shifts both the benefits and burdens of the contract from one party to another. An innovation creates a new contractual relationship - a "new" contract is entered into.
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If a cartel is formed in order to maximize the total profits of its members, it will:____.
If a cartel is formed in order to maximize the total profits of its members, it will charge the same price and produce the same quantity as a monopoly.
In oligopolistic markets, corporations form a cartel to enjoy Monopoly earnings, Monopolies produce an amount and fee at a price at which the earnings maximizes given the firm's price feature, and the marketplace call for a curve, as a result, any other quantity or fee apart from the monopoly will no longer maximize income.
A monopoly is a scenario wherein there is a single dealer inside the marketplace. In traditional economic analysis, the monopoly case is taken because of the polar opposite of perfect competition. By way of definition, the demand curve dealing with the monopolist is the enterprise demand curve which is downward sloping
A monopoly is a firm that's the sole supplier of its product, and in which there are no close substitutes. An unregulated monopoly has marketplace power and can influence prices. Examples: Microsoft and home windows, DeBeers and diamonds, your local natural gas agency.
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How did the movie domestic scenes contrast with the ones focused on langley?
In the movie, "The Good Shepherd," the domestic scenes were in stark contrast to the ones focused on Langley. The domestic scenes, which depicted the family life of Edward Wilson, the protagonist, were warm, intimate, and familiar. These scenes were characterized by warm lighting, cozy interiors, and family members gathered together, engaging in everyday activities.
On the other hand, the scenes that were focused on Langley were cold, sterile, and formal. The interiors were sparsely furnished, and the lighting was harsh and uninviting. The people in these scenes were dressed in business suits, and their interactions were formal and stilted.
The contrast between the two types of scenes was deliberate, as it highlighted the vast difference between the public and private lives of the protagonist. While Edward Wilson was able to enjoy the warmth and familiarity of his family life, his professional life was cold and calculated, emphasizing the sacrifice and dedication required to serve one's country.
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Bill and kay are a married couple with $13,000 in total deductions. For tax year 2022, they are better off:.
Answer: Taking the standard deduction for couples.
Taking the standard deduction for couples.
Explanation:
For the tax year 2022, they are better off taking the standard deduction for couples.
What is Standard deduction?The standard deduction is a sum of money that non-itemizers are permitted to deduct from their income under US tax law before income tax (but not other types of tax, such as payroll tax) is applied.
A deduction of Rs 5,000 is allowed under Section 80D for any payments made for preventative health checkups. This deduction will not exceed the overall cap of Rs. 25,000 or Rs. 50,000, as applicable. The individual may also claim this deduction on behalf of himself, his spouse, any dependent children, or his parents.
On their joint return, a married couple with one source of income should claim two allowances. If you have kids, you can declare them as dependents and receive higher benefits.
Therefore, Bill and Kay taking the standard deduction for couples.
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A $100,000 house insured on a policy with an 80% coinsurance requirement has a fire that caused $40,000 of damage; the owner has a policy with $60,000 coverage. How much can the owner collect for his loss?
Assuming the owner has a policy with $60,000 coverage. The amount that the owner collect for his loss is $30,000.
Policy coverageIn order for the total amount of a partial loss to be paid the house must be insured for at least 80 percent of its value on the date in which the loss ocur.
And since house has a policy coverage of the amount of $60,000. Based on this the minimum requirement is 75 percent which mean that the policy will pay only 75 percent of the loss or $30,000.
Inconclusion the amount that the owner collect for his loss is $30,000.
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A checking account
-is a time deposit account
-never earns interest
-is a demand deposit account and may have a charge for each check written
-has a limited number of withdrawals
the federal reserve decreases the federal funds rate by?
The Federal Reserve decreases the federal funds rate by conducting open market operations, which involves purchasing government securities (such as Treasury bonds) from banks.
Purchasing government securities increases the amount of reserves banks have, thus lowering the federal funds rate, which is the interest rate banks charge each other for overnight loans of reserves.
Lowering the federal funds rate can have several effects on the economy, including:
Lower borrowing costs: When the federal funds rate is lowered, it becomes cheaper for banks to borrow money, which can translate into lower interest rates for consumers and businesses.
Increased economic activity: Lower interest rates can stimulate borrowing and investment, which can lead to increased economic activity and growth.
Inflationary pressure: Lower interest rates can also lead to increased inflationary pressure, as consumers and businesses may be more likely to borrow and spend.
By decreasing the federal funds rate, the Federal Reserve aims to stimulate economic growth, as lower interest rates encourage borrowing and spending.
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How does your state’s on-time payment record compare to the national rate?
It should be noted that my state’s on-time payment record is high compare to the national rate.
What is a credit score?A credit score serves as a numerical expression based on a level analysis of a person's credit files.
This is a term that to represent the creditworthiness of an individual after his account has been checked.
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Losses from a line of insurance follow a Pareto distribution 2 and 0 = 2000. An insurer sells policies that pay 100% of each loss up to 5000. Next year, the insurer changes the policy terms so that it will pay 80% of each loss after applying a 100 deductible. The 5000 limit continues to apply on the original loss amount. Inflation will be at 4%. Calculate the decrease in the insurer's expected payment per loss.
The decrease in the insurer's expected payment per loss is $880.
What are the main components of the income statement and how are they calculated?To calculate the decrease in the insurer's expected payment per loss, we need to compare the expected payment under the original policy terms and the expected payment under the new policy terms.
Under the original policy terms:
The insurer pays 100% of each loss up to 5000.The losses follow a Pareto distribution with shape parameter α = 2 and scale parameter θ = 2000.Under the new policy terms:
The insurer pays 80% of each loss after applying a 100 deductible.The losses still follow the same Pareto distribution.To calculate the decrease, we need to find the difference between the expected payment per loss under the original policy and the expected payment per loss under the new policy.
Please provide a moment while I calculate the decrease in the insurer's expected payment per loss.
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The percentage of the US labor force that is unemployed is known as the __________.
A.
consumer price index
B.
gross domestic product
C.
national unemployment rate
D.
annual percentage change
Please select the best answer from the choices provided
A
B
C
D
Answer:
Explanation:
C
Answer:
C. national unemployment rate
Explanation:
i did the quiz, hope this helps<3!!
Rachel needs a car to get to work and school. She's decided on a used car with a cost of $9,000. According to her budget, she can afford to pay up to $275 per month in car payments. Which loan offer is best for Rachel? Length of Loan APR Late Payment Fee Monthly Payment Total Cost of Loan Offer 1 24 months 4.5% $35 $393 $9,428 Offer 2 36 months 5% $20 $270 $9,711 Offer 3 48 months 5.5% $45 $209 $10,047 Offer 4 60 months 6.5% $25 $176 $10,566 Offer 1, because it has the lowest APR and lowest total cost of the loan Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget Offer 3, because a low monthly payment and the lowest late payment fee Offer 4, because it has the lowest monthly payment which frees up her budget for more fun with friends
Answer:
the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.
Explanation:
Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:
Length of APR Late Payment Monthly Total Cost
Loan Fee Payment of Loan
Offer 1 24 months 4.5% $35 $393 $9,428
Offer 2 36 months 5% $20 $270 $9,711
Offer 3 48 months 5.5% $45 $209 $10,047
Offer 4 60 months 6.5% $25 $176 $10,566
The explanation of the answer is now given as follows:
In finance, the best loan offer between or more different loan offers is a loan offer that meets the following 2 conditions:
1. The loan must has the lowest total cost of loan.
2. The periodic payment must be within the budget of the loan beneficiary.
From data in the question, only Offer 2 meets the 2 conditions above.
Therefore, the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.
4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.
Answer:
Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.
The sox act created the ______________________, which sets accounting and auditing standards.
The SOX Act created the Public Company Accounting Oversight Board (PCAOB), which sets accounting and auditing standards.
The Public Company Accounting Oversight Board (PCAOB) was established by the Sarbanes-Oxley Act of 2002 (SOX Act) in response to accounting scandals such as Enron and WorldCom. Its main purpose is to oversee and regulate the accounting and auditing profession to protect investors and the public interest. The PCAOB is responsible for setting auditing standards, quality control standards, and ethics standards for auditors of public companies. These standards are designed to ensure that financial statements are accurate, reliable, and in compliance with generally accepted accounting principles (GAAP). They provide guidelines and requirements for how auditors should plan, conduct, and report on their audits. By setting these standards, the PCAOB helps to enhance the credibility and transparency of financial reporting, which is crucial for investors, creditors, and other stakeholders in making informed decisions. The standards also help to maintain the integrity of the financial markets and foster confidence in the reliability of financial information.
In addition to setting standards, the PCAOB also conducts inspections of registered accounting firms to assess their compliance with the standards. Inspections help to identify and address any deficiencies or areas for improvement in the auditing process, ultimately contributing to the overall quality of audits and financial reporting.
Overall, the creation of the PCAOB through the SOX Act has had a significant impact on the accounting and auditing profession, promoting greater accountability, transparency, and investor protection.
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What are the four basic factors that effect workplace safety?
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Which of the following will be a source of cash flows for a shareholder of a certain stock? I. Sale of the shares at a future date II. The firm in which the shares are held paying out cash to shareholders in the form of dividends III. The firm in which the shares are held increasing the total number of shares outstanding through a stock split A. I only B. II only C. I and II D. II and III
Answer:
C
Explanation:
Ownership of a stock in a company gives the holder of the share the right to receive dividends.
dividends are a portion of the firm's earnings that are paid out to shareholders.
also, if the shareholder decides to sell his shares in the future, the shareholder would receive cash in exchange for his shares.
a stock split is when the company decides to increase the number of shares outstanding by a certain number. e.g. a 2 for 1 split. in a stock split, there is no cash flow.
the managers of simple sound manufacturing are struggling to meet their quota that was recently increased by upper management. they decide to eliminate two quality control steps in the manufacturing process. this is unethical behavior that was a result of
Since the managers have decide to eliminate two quality control steps in the manufacturing process because they are struggling to meet their quota that was recently increased by upper management, then, this is an unethical behavior that was a result of an unrealistic performance goals.
What is an unethical behavior?Basically, an unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance. These behavior may be exhibited by anyone in power ranging from the presidency to the grass-root public servant.
When we talk about an unethical behavior, we are referring to actions that do not conform to the acceptable standards of business operations or failing to do what is right in every situation. It can be an individual within a business who is unethical in the course of job and in corporate culture, it could be when the whole business is corrupt from the top down with disastrous results for society.
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After adding tax and a tip, the total lunch cost was $32. 24. What percentage of the cost of their food and beverages did they give as tip? write your answer to the nearest percent.
If the amount of their drinks and meal was $25.30 and also the meal component was 8% of that sum.
What serves the business amount?Amount is a quick-moving financial technology startup that emerged from disruption. The infrastructure for financial companies require to create and improve the internet experience is provided by Amount. built by professionals in the digital lending sector.
What does a firm own in terms of amount?Income statement is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: If a construction project will cost $500,000 and the financing is $400,000.
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What is insurance????????
Answer:
it is when you can go to the doctors and you have to pay 1,000
Explanation:
Answer:
g
Explanation: