which of the following is an element of the introductory paragraph of an auditor's report under aicpa standards? multiple choice identifies the type of opinion the auditor is giving identifies the entity, financial statements being audited and time period identifies audit testing and procedures used identifies the generally accepted auditing standards followed in conducting the audit
Answers
"Identifies the entity, financial statements being audited and time period." is an element of the introductory paragraph of an auditor's report under aicpa standards.
An independent auditor's formal report, which expresses their professional judgment on the financial statements of an entity, is known as an auditor's report. Based on the auditor's inspection and assessment, the report offers an evaluation of the fairness, accuracy, and dependability of the financial statements.
An auditor's report typically starts off with information about the entity being audited, the specific financial statements being examined such as the balance sheet, income statement, statement of cash flows, etc. and the time period covered by the audit. This information gives readers context for understanding the report and aids in identifying the audit's scope and focus.
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Related Questions
Compare and contrast the elements of centralization and formalization within the Arab Alliance and the IDF. Explain how those inherent differences may have affected the outcome of the war.
Answers
The correct answer to this open question is the following.
The elements of centralization and formalization within the Arab Alliance and the IDF were key to understand the Israeli victory over the Arab army. Without a doubt, those inherent differences affected the outcome of the war.
The Arab Alliance was formed by soldiers from different Arab states such as Jordan, Syria, Saudi Arabia, Tunisia, Algeria, Morocco, and Egypt. The alliance had strong numbers, good supplies and weapons, machines, tanks, and the support of the Soviet Union.
However, the Israeli al Defense Force (IDF) won the war by capturing the Gaza Strip, the West Bank, and the Sinai Peninsula. And the Israelis could do that because they had better training, a different mentality, and a modern strategic approach.
Israel not only recruited loyal soldiers, as was the main cause for the Arabs. Israel recruited the best talent for each military position and trained until they became the best. Lack of this kind of recruiting and training was notorious in the Arab alliance.
Another factor that favored Israel was the Structure of Command and Control, emphasizing combat aspects such as strategy, swiftness, agility, improvisation, flexibility, and decision making on the move. Totally different from the bureaucratic Arab approach in the line of command.
That is why Israel won the Six-Day War that was fought from June 5-10, 1967.
a employee produces 15 parts during a shift in which he made $90. what is the labor content of the product? group of answer choices $90 $5 $6 $0.167 $1,350
Answers
The labor content of the item is $6.
The option (C) is correct.
Labor content is the amount of money your business spends on "Direct Labor", or the work that is straightforwardly important to convey your item or administration. For instance, on the off chance that you have an assembling business, your mechanics and constructing agents would be viewed as immediate work.
Employers demand labor since laborers are a significant piece of the creative interaction. Laborers use gadgets and equipment to change inputs into yield. Without laborers, businesses couldn't create labor and products and acquire benefits.
Given:
No. of parts = 15
Amount earned = $90
= 90/15 = $6
Thus, the labor content of the product is $6.
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This question is not complete, Here I am attaching the complete question:
A employee produces 15 parts during a shift in which he made $90. what is the labor content of the product? group of answer choices
(A) $90
(B) $5
(C) $6
(D) $0.167
(E) $1,350
6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answers
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
he changes in the American business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in Multiple Choice the labor force. technology. financial regulations. consumer behavior.
Answers
It should be noted that the most dramatic impact on the workings of the free enterprise system is felt by changes in the labor force.
What is Free enterprise?Free enterprise serves as the freedom of individuals and businesses to undergo regulation.
It gives the individuals in businesses to create, produce on their own, no one forces people against their belief and this is felt by labor force.
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assume that the united states faces an 8 percent inflation rate, while no (zero) inflation exists in japan. according to the purchasing-power parity theory, the dollar would be expected to
Answers
The purchasing-power parity theory predicts an 8 percent decline in the value of the dollar relative to the yen.
How exchange rate is determined under purchasing power parity?
Exchange rates are already in equilibrium whenever one country's currency possesses the same purchasing power as the other, in accordance with the purchasing power parity (PPP) hypothesis.
When there are transit costs, trade restrictions (like tariffs), price fluctuations for non-tradable inputs, insufficient awareness of current market conditions, and other Forex key stakeholders, purchasing power parity (PPP) among nations is not met. According to the notion of purchasing power parity, exchange rates between two countries will eventually adjust to reflect differences in their different price levels.
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reverse repos are used to offset the fed’s inability to stop nonbanks from lending to banks.
Answers
Reverse repos are indeed a tool used by the Federal Reserve to manage the money supply and control interest rates.
Specifically, reverse repos involve the Fed selling securities to banks and other financial institutions, with an agreement to buy them back at a later date. This allows the Fed to drain excess cash from the banking system, thereby reducing the availability of credit and raising interest rates. However, it is not accurate to say that reverse repos are used to offset the Fed's inability to stop nonbanks from lending to banks. Nonbanks, such as money market funds and hedge funds, are not regulated by the Fed and can indeed lend to banks. However, the Fed can still influence the availability of credit through its monetary policy tools, including reverse repos, open market operations, and changes to the reserve requirement. It is important to understand the various ways in which the Fed manages the money supply and its impact on the broader economy.
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define term total utility and marginal utility
Answers
Marginal utility: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. ... Marginal utility can be positive, zero, or negative.
Gabriel Joseph has begun a new delivery and warehousing business. To begin his deliveries, he has leased a new truck. The 0ve-year lease arrangement provides formonthly payments based on the $35,000 cost of the truckand an a greedonrate of 1 5 percent compounded monthly.What will Mr.Joseph's lease payment be each month?
Answers
Describe Gene Regulation in terms of how a car factory might control the production of various car models. Include information about the checkpoints in the process and how they dictate the outcome. Explain why having these checkpoints is important for the regulation process.
Answers
Gene regulation refers to the processes that control the expression of genes. In terms of a car factory, gene regulation can be compared to how the production of different car models is controlled through checkpoints and other mechanisms.
Checkpoints in gene regulation act like quality control checkpoints in a car factory. Just like how a car factory checks the quality of each car at different stages of production to ensure that each car meets the desired specifications, cells also have checkpoints in place to ensure that gene expression is accurate and regulated.
These checkpoints occur at various stages in the process of gene expression, including transcription, RNA processing, and translation. During transcription, the DNA is transcribed into RNA, and this process is controlled by transcription factors. These factors act like foremen in a car factory, dictating the production of different car models.
RNA processing involves the editing of RNA molecules, which are then transported from the nucleus to the cytoplasm, where they are translated into proteins. The checkpoints in this process ensure that only correctly edited RNA molecules are transported to the cytoplasm for translation.
Translation involves the conversion of RNA molecules into proteins. The checkpoints in this process ensure that only correctly translated proteins are produced, and that the proteins are produced in the correct quantities.
Gene regulation is essential because it ensures that genes are expressed in the correct cells and at the correct time, and that the resulting proteins are produced in the correct amounts. This regulation is necessary because errors in gene expression can lead to a wide range of diseases and disorders.
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Chip and Charlie own a local pizza shop. The pizza was the talk of the neighborhood. When
customers suggested that they open more stores, Chip and Charlie were hesitant. They didn’t
have the money. Chip and Charlie went ahead with plans to open another shop across town.
To finance the venture, the partners formed a private corporation and sold shares of stock to
friends. They chose a legal arrangement that allowed them to avoid dual taxation.
Answers
The form of private corporation that Chips and Charlie chose is the S corporation.
An s corporation is a type of privately held corporation that elects to pass its corporate earnings through its shareholders for the purposes of federal tax. This allows a s-corporation to be taxed only once. The company does not pay federal income tax.
In order for a corporation to be classified as a s corporation, it must meet several requirements set forth by the Internal Revenue Service. Some of these requirements include:
Shareholders must not exceed 100.The corporation should be incorporated in the United States.The corporation must have only one type of shares.To learn more about s corporation, please check: https://brainly.com/question/16128695?referrer=searchResults
Which of the following sets is most important to consider when choosing a career?
(A) needs and demographics
(B) hobbies and friends
(C) diversity and interests
(D) personal values and work values
Answers
The sets that is most important to consider when choosing a career is (C) diversity and interests.
What is a career ?Career can be described as the occupation that ios been undertaken for a significant period whgich one can focus on, through ouut hios or her life with opportunities for progress.
It should be noted that when choosing ba career one should be able to seek for the things that interest you about tyhe field because ythis will help you when the journey is getting tough because to get to the peak of the career can not be seen as one that ios easy.
Therefore, option C is correct.
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what did mier y teran recommend in his report to the mexican government concerning texas?
Answers
Mier y Terán suggested in his commission report that strong metrics be taken to prevent this same U.s from acquiring Texas. He proposed more garrisons around the settlements, closer trading relationships with Mexico, and encouraging more Mexican & European settlers.
What was Mier y Terán's main concern about Texas?The Mexican government was curious about what was going on in Texas, so they dispatched General Mier y Teran to start investigating. Teran informed this same Mexican govt that Texans outmatched Mexicans in Texas by a factor of at least ten to one. They should be concerned about America's growing influence in Mexican Texas.
What policies did Mexico enact in response to the Mier y terans study?Almost the entire Mier y Terán's recommendations were incorporated into a set of laws signed by President Anastasio Bustamante on April 6, 1830. The law expressly prohibited any further number of immigrants from of the U. S. to Texas, as well as any new slaves.
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Country a has a temperate climate and can grow bananas in the spring. it produces 42,000 pounds of bananas per year per growing acre. country b also has a temperate climate and can grow bananas in the summer. it produces 21,000 pounds of bananas per year per growing acre. two countries with similar resources want to grow bananas. which country has an absolute advantage for growing bananas? why does this country have an absolute advantage?
Answers
Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.
What is Absolute advantage?This is defined as the ability to produce more than available competitors in the market.
Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.
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Answer: is Country A and It can produce more bananas.
Explanation:
country A produces more Bannas
100 points if you have the correct answer ^^
Assignment Introduction
Assume that you are involved in a job search. You are ready to construct an outstanding résumé to put before employers. You have carefully reviewed and documented your list of abilities, hard and soft skills, education, credentials, and past work experience (including volunteering). You have also considered your personality traits and job preferences. However, you have not narrowed your search to just one type of consumer services job, and you have seen several that interest you.
Assignment Directions
Using any or multiple sources (newspaper, trade or association publication, online job board, networking site, etc.), select two job listings. They must have very different job descriptions in different fields. For example, bookkeeping in a hospital and a customer service position in a retail setting. Using your own actual information, construct a general purpose résumé suitable for handing out in person. You may choose any format that is appropriate to your situation. Using the same information, build two more résumés, one each targeting the two different job descriptions and formatted to submit digitally/online.
Assignment Guidelines
Your submission must do the following:
Total three sheets; one typed page each for your basic and two targeted résumés
Include copies of your two chosen job descriptions as an attachment.
Each résumé must contain the following:
Your contact information
Educational background
Employment history, most recent to oldest (minimum 3 entries; if you do not have 3, you may make one up, as long as it is plausible and appropriate).
Accomplishments (two or three entries)
Special skills, including foreign languages spoken, as applicable
Submission Requirements
Proofread for spelling, grammar, and punctuation
Use complete sentence structure and standard written English; do not use texting abbreviations or other shortcuts
Source all references in a proper format
Answers
Your submission should include three sheets; one typed page each for your basic and two targeted résumés. The basic résumé should contain your contact information, educational background, employment history, accomplishments, and special skills.
What is education?Education is the process of acquiring knowledge, skills, values, beliefs, and habits. It is an important part of our life and it helps us to develop as individuals and to become better citizens. Education is an essential part of our society and it provides us with the necessary tools to grow and succeed.
The two targeted résumés should be tailored to the two job descriptions you have chosen, and should include the same information as the basic résumé. You should also include copies of your two chosen job descriptions as an attachment.
When writing your résumés, you should proofread for spelling, grammar, and punctuation, use complete sentence structure and standard written English, and source all references in a proper format.
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A transaction will only happen if and only if the price is between:
The buyer’s value and the buyer’s outside option
The buyer’s value and the seller’s outside option
The buyer’s value and the seller’s cost of production
The buyer’s outside option and the seller’s outside option
The buyer’s outside option and the seller’s cost of production
Answers
A transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
Let's break down the options to understand why this is the correct answer:
- Option 1: The buyer's value and the buyer's outside option. This option doesn't make sense because the buyer's outside option is not directly related to the transaction. The buyer's outside option refers to an alternative choice the buyer has if the transaction doesn't occur, and it is not directly involved in determining the price of the transaction.
- Option 2: The buyer's value and the seller's outside option. This is the correct answer. The buyer's value represents the maximum amount the buyer is willing to pay for the item or service. The seller's outside option refers to an alternative choice the seller has if the transaction doesn't occur. For a transaction to happen, the price needs to fall between the buyer's value and the seller's outside option. This ensures that both the buyer and seller find the transaction mutually beneficial.
- Option 3: The buyer's value and the seller's cost of production. This option doesn't capture the buyer's perspective accurately. The buyer's value is the maximum price the buyer is willing to pay, whereas the seller's cost of production is the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
- Option 4: The buyer's outside option and the seller's outside option. The buyer's outside option is not directly involved in determining the price of the transaction. It refers to an alternative choice the buyer has if the transaction doesn't occur. The seller's outside option also refers to an alternative choice the seller has if the transaction doesn't occur. However, the price of the transaction is determined by the buyer's value and the seller's outside option, not the outside options of both parties.
- Option 5: The buyer's outside option and the seller's cost of production. The buyer's outside option is not directly involved in determining the price of the transaction. The seller's cost of production refers to the cost incurred by the seller to produce the item or service. The transaction price is determined by the buyer's value, not the seller's cost of production.
Therefore, the correct answer is: The transaction will only happen if and only if the price is between the buyer's value and the seller's outside option.
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Personal finance skills have the most significant impact on an individual’s
Answers
Answer:
quality of life.
Explanation:
Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.
Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.
Thus the correct answer would be 'that the person will have a quality of life.'
Answer:
C: Quality of life
Explanation:
on edge2021! hope this helps!~ (*^▽^*)
An oligopoly firm is similar to a monopolistically competitive firm in that.
Answers
Answer:
An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms are in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
John invested $575 in stocks. If he lost d dollars when he sold the stocks, which expression represents the amount of money he received for his stocks?
a) 575 + d
b) d - 575
c) 575 - d
d) d575
Answers
Option (c), John made a $575 stock investment. The expression 575 - d represents the amount of money he received for his stocks if he lost d dollars when he sold them.
Algebraic expressions: what are they?Any grouping of terms that has been subjected the mathematical operations like addition, subtraction, multiplication, division, etc. is known as an algebraic expression (or variable expression). Let's use the equation 5x + 7 as an example. As a result, 5x + 7 is an example of an algebraic expression.
When continuous or fractional constants (numbers), variables (alphabets), and algebraic operators (such as addition, subtraction, division, and multiplication) are combined, the result is an algebraic expression. The symbols used to represent these expressions are words, integers, and coefficients.
let:
y: the sum of money he was paid for his shares
d: money losted
The phrase that describes the issue the best is:
y = 575-d
Where:
y <575
The amount of money I received in exchange for his stocks can be expressed as follows:
y = 575-d
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Early on in an amortized loan the interest portion of each payment is typically ______ than the principle portion. Towards the end of the loan term the interest portion of each payment is typically ______ than the principle portion. This is because the principle remaining _______ over the life of the loan. A) less / greater / increases B) greater / less / increases C) greater / less / decreases D) less / greater / decreases
Answers
Answer:
C
Explanation:
An amortized loan is a form of loan which the principle together with the accrued interest component is gradually written off over an agreed period of time at a specified rate.An equal amount is regularly paid over the extended period.
The interest component of an amortized loan is firstly settled before considering the principle amount , which makes the interest component to be higher that the principle at the initial stages. This process leads to a reduction in the volume of the principle balance with time . Moreover , as the principle reduces with time , the interest expenses also reduces , and it eventually gets to a point where the principle component of repayment becomes greater.
Increase the selling price
Decrease the variable expenses per unit
Which of the following is NOT a
way that an entrepreneur could
increase the contribution margin
or profit of each unit sold?
Decrease the monthly fixed expenses for the business
Change how the unit is defined
Answers
Answer:
Change how the unit is defined
Explanation:
The contribution margin per unit is calculated by subtracting variable costs from the selling price. A high selling price and a low variable cost will result in a higher contribution margin per unit. Therefore, increasing the selling price and reducing variable costs will increase the contribution margin per unit.
Profit per unit is will higher if the total costs are low. Total cost is the sum of variable costs and fixed costs. Reducing the monthly fixed costs expenses results in lower total costs and higher profit per unit.
As an internal auditor for the Quick Manufacturing Company, you are participating in the audit of the company’s AIS. You have been reviewing the internal controls of the computer system that processes most of its accounting applications. You have studied the company’s extensive systems documentation. You have interviewed the information system manager, operations supervisor, and other employees to complete your standardized computer internal control questionnaire. You report to your supervisor that the company has designed a successful set of comprehensive internal controls into its computer systems. He thanks you foryour efforts and asks for a summary report of your findings for inclusion in a final overall report on accounting internal controls. Have you forgotten an important audit step? Explain. List five examples of specific audit procedures that you might recommend before reaching a conclusion
Answers
It is possible that an important audit step has been forgotten. The audit step that has been overlooked is the testing of the internal controls to ensure that they are functioning effectively.
While the company may have designed a successful set of comprehensive internal controls, it is important to test their effectiveness in practice to ensure that they are actually preventing or detecting errors and fraud. Without testing the controls, there is no way to know for sure if they are working as intended.
Five examples of specific audit procedures that could be recommended before reaching a conclusion include:
Conducting walkthroughs of the accounting system to gain a deeper understanding of the system's design and operation.
Performing substantive testing to verify the completeness and accuracy of transactions processed by the system.
Testing the accuracy and completeness of the system's input and output.
Testing the segregation of duties within the system to ensure that no single person has control over multiple aspects of the system.
Reviewing system logs and monitoring controls to ensure that the system is operating as intended and that any errors or irregularities are detected and corrected in a timely manner.
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Review this week's reading and videos about the sharing economy. Note that they discuss a lot of the benefits of the sharing economy, which are hard to dispute. If you were to start your own business and you were looking for ways to grow it, how would you use the sharing economy from a strategy perspective? What hurdles might you face? Note: When responding to your peers, please be mindful to distribute responses evenly to all in the class. If you notice that a particular post has adequate responses, please respond to another peer. Your responses to other students' posts should be comprehensive and provide a substantive contribution to our discussion. Initial post due Thursday 11:59 PM ET. 2 Response posts due Sunday
Answers
Leveraging the sharing economy can offer significant growth opportunities for a new business. By identifying relevant platforms, building partnerships, expanding reach, and offering unique value, businesses can tap into the sharing economy's benefits. However, it is crucial to address potential hurdles such as competition, trust, reliability, and regulatory compliance to ensure success.
If I were starting my own business and looking to leverage the sharing economy from a strategy perspective, I would consider the following steps:
1. Identifying the sharing economy platforms: I would research and identify sharing economy platforms that align with my business model. For example, if I am running a food delivery service, I could explore partnerships with platforms like Uber Eats or Grubhub.
2. Building partnerships: I would establish partnerships with existing sharing economy platforms to gain access to their user base and infrastructure. This would allow me to leverage their resources, such as delivery drivers or rental equipment, without having to invest heavily in building my own.
3. Expanding reach: By utilizing sharing economy platforms, I can tap into a wider customer base that these platforms have already established. This would provide an opportunity for my business to reach more potential customers and increase brand awareness.
4. Offering unique value: To stand out in the sharing economy, I would focus on offering unique value to customers. This could include personalized experiences, competitive pricing, or additional services that differentiate my business from competitors.
However, there are hurdles to consider when using the sharing economy from a strategy perspective:
1. Competition: The sharing economy is a highly competitive space, so it would be important to differentiate my business from others offering similar services. Understanding the market and finding a unique selling proposition would be crucial.
2. Trust and reliability: Building trust with customers and ensuring reliable service is essential in the sharing economy. Maintaining a high standard of quality and addressing customer concerns promptly would be vital to overcome potential trust issues.
3. Regulations and legal considerations: The sharing economy operates within specific regulations that vary from region to region. Understanding and complying with these regulations, such as licensing requirements or insurance obligations, would be necessary to avoid legal hurdles.
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four reasons why Corona virus could be harmful to economic growth??
Answers
Answer:
Employees have to be let go because social distancing is a thing
Businesses are not getting enough customers because of quarantine, which leads to them shutting down
Factories that supply stores are shut down to prevent spread in factory lines
For those with computer jobs, working from home does not give an employee as much freedom with printing or scanning as it does at work, which slows down the completion of assignments and lowering the business`s dependability
How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
the perfectly competitive model is the most efficient type of market and is characterized by both productive and efficiency.
Answers
Answer:
allocative is the correct answer.
Explanation:
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Based on historical performance, which one of the following investments is most apt to provide an average return of 10 percent a year between now and the year 2025?
A. U.S. Treasury bills
B. corporate bonds
C. stocks
D. options
E. zero-coupon bonds
Answers
Stocks are investments that, according to past performance, are most likely to generate an average return of 10% per year between now and 2025.
A security that denotes ownership of a portion of the issuing company is referred to as a stock, also known as equity. Shares, which are units of stock, entitle its owners to a percentage of the company's assets and Stocks income based on how many shares they possess.
The cornerstone of many individual investors' portfolios, stocks are mostly Stocks bought and sold on stock exchanges. Government rules aimed at shielding investors from dishonest tactics must be followed when trading stocks.
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What are two activities to do in china besides see the Great Wall?
Answers
Answer:
Explanation:
There are many interesting and fun activities to do in China besides seeing the Great Wall. Here are two options:
1. Visit the Terracotta Army in Xi'an:
The Terracotta Army is a collection of terracotta sculptures depicting the armies of Emperor Qin Shi Huang. The figures were buried with the emperor in 210-209 BCE and were rediscovered in 1974. Today, it's a UNESCO World Heritage site and one of the most popular tourist attractions in China.
2. Take a cruise down the Yangtze River:
The Yangtze River is the longest river in Asia and the third longest in the world. It flows through many famous Chinese cities like Chongqing, Wuhan and Shanghai. Taking a cruise down the river is a unique and relaxing way to experience the country's stunning natural scenery and rich cultural heritage. Along the way, you can also visit ancient villages, watch traditional performances and enjoy delicious local food.
Please indicate what engaging in CSR means to the company. (select all that apply) Being charitable Helping society Improving consumers' perceptions about the company Valuing society over shareholders' interests
Answers
As a question answering bot, it is essential to be factually accurate, professional, and friendly when answering questions. It is important to be concise and avoid providing extraneous amounts of detail. It is important to focus on the question and not to ignore any typos or irrelevant parts of the question. It is unnecessary to repeat the question in your answer.Please indicate what engaging in CSR means to the company. The following terms apply to engaging in CSR:Being charitableHelping societyImproving consumers' perceptions about the companyValuing society over shareholders' interestsCorporate social responsibility (CSR) refers to the company's commitment to the community and the environment, which goes beyond the business objectives and legal requirements. When a corporation engages in CSR, it has a positive impact on society and the environment. Companies engage in CSR by donating to charities, implementing environmentally friendly policies, and other similar activities. By participating in CSR activities, companies benefit society while also improving their reputation and brand image.
According to the video case "What is Blockchain?", how can the use of Blockchain significantly reduce the likelihood of financial fraud?options: International money transfers using Blockchain must be approved by both country's central bankEvery Blockchain transaction will be recorded on a public and distributed ledgerBlockchain transactions must following existing financial regulations and lawsTransactions on Blockchain are all verified by notaries and other trust services
Answers
According to the video case "What is Blockchain?", the use of Blockchain can significantly reduce the likelihood of financial fraud because every Blockchain transaction will be recorded on a public and distributed ledger.
The transparency and immutability of the distributed ledger mean that once a transaction is recorded, it cannot be altered or deleted. This makes it much more difficult for fraudsters to manipulate transaction records or hide fraudulent activity. Additionally, the use of cryptography and digital signatures in Blockchain transactions can provide enhanced security and authentication measures.
While the other options listed may also contribute to reducing the likelihood of financial fraud in certain contexts, it is the public and distributed ledger aspect of Blockchain that is specifically highlighted in the video case as a key feature that can help prevent and detect fraud in financial transactions.
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