Consider a two-period economy and suppose that there is an increase in tax in Period 1, while the tax in Period 2 remains the same. Assume a standard utility function.
Part a How does the increase in tax in Period 1 affect Period 1 and 2 consumption?
Part b How does the increase in tax changes savings?
Part c Based on Part a and b, explain why the change in Period 1 consumption is less than the increase in tax (in terms of magnitude).
Answers
part a) The consumer, therefore, increases his/her consumption in both periods but the increase is less in Period 1 compared to Period 2. part b). The consumer, therefore, increases his/her savings in both periods but the increase is less in Period 1 compared to Period 2. part c) This, in turn, reduces the impact of the increase in tax on Period 2 consumption relative to Period 1 consumption. Hence, the change in Period 1 consumption is less than the increase in tax.
Part a: Increase in tax in Period 1 will decrease consumption in Period 1 and Period 2. This is because the increase in tax lowers the effective wealth of the consumer, and hence lowers his/her overall utility. However, the impact of the increase in tax on Period 2 consumption is less severe compared to the impact on Period 1 consumption. This is because of the presence of intertemporal substitution effect and the income effect. The intertemporal substitution effect arises because the increase in tax in Period 1 lowers the consumer's effective wealth and hence, consumption in Period 1. This, in turn, increases the marginal utility of consumption in Period 2 relative to the marginal utility of consumption in Period 1. As a result, the consumer shifts his/her consumption towards Period 2. The income effect arises because the increase in tax in Period 1 lowers the consumer's overall utility and hence, reduces the overall level of consumption. This, in turn, increases the marginal utility of consumption in both Period 1 and Period 2. The consumer, therefore, increases his/her consumption in both periods but the increase is less in Period 1 compared to Period 2.
Part b: The increase in tax reduces the consumer's disposable income and hence, the amount of savings. This is because the consumer allocates a smaller portion of his/her income to savings, given that the overall level of consumption has reduced. The reduction in savings is more severe in Period 1 compared to Period 2, due to the presence of intertemporal substitution effect and income effect. The intertemporal substitution effect arises because the decrease in savings in Period 1 reduces the consumer's effective wealth and hence, increases the marginal utility of savings in Period 2 relative to the marginal utility of savings in Period 1. As a result, the consumer shifts his/her savings towards Period 2. The income effect arises because the decrease in savings in both periods lowers the consumer's overall utility and hence, reduces the overall level of consumption. This, in turn, increases the marginal utility of savings in both Period 1 and Period 2. The consumer, therefore, increases his/her savings in both periods but the increase is less in Period 1 compared to Period 2.
Part c: The change in Period 1 consumption is less than the increase in tax because of the presence of intertemporal substitution effect and income effect. The intertemporal substitution effect arises because the increase in tax in Period 1 increases the marginal utility of consumption in Period 2 relative to the marginal utility of consumption in Period 1. The income effect arises because the increase in tax in Period 1 reduces the overall level of consumption and increases the marginal utility of consumption in both Period 1 and Period 2. The net impact of these two effects is that the consumer shifts his/her consumption towards Period 2. This, in turn, reduces the impact of the increase in tax on Period 2 consumption relative to Period 1 consumption. Hence, the change in Period 1 consumption is less than the increase in tax.
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Related Questions
Meagan invested $1,200 each year in an ira for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annually for the next 11 years.
Answers
PMT = 1200, t = 12, r = 5%, n = 1 = annual compounding
FV = Future value of the ordinary annuity
FV = A = PMT*((1+r/n)^nt - 1) / (r/n)
FV = A = 1200*((1+0.05/1)^(1*12) - 1) / (0.05/1)
FV = A = 1200*((1+0.05)^12 - 1) / 0.05
FV = A = 1200*15.9171265
FV = A = 19100.55
Answer : a : 19100.55
Value after next 11 years
P = 19100.55, t = 11, r = 5%, n = 1 = annual compounding
A = P*(1+r/n)^nt
A = 19100.55*(1+0.05/1)^(1*11)
A = 19100.55*(1+0.05)^11
A = 19100.55*1.71033936
A = 32668.42
Answer : b : 32668.42
Interest earned = Value at the end of 23 years - Initial investment
Interest earned = 32668.42 - (1200 x 12) = 18268.42
Answer : c : 18268.42
investment is the dedication of cash to buy of an asset to obtain an boom in cost over a period of time. investment calls for a sacrifice of some present asset, which includes time, cash, or effort. In finance, the motive of investing is to generate a go back from the invested asset. The go back can also consist of a advantage (profit) or a loss found out from the sale of a belongings or an investment, unrealized capital appreciation (or depreciation), or funding earnings together with dividends, hobby, or condominium earnings, or a mixture of capital gain and earnings. The go back may encompass forex profits or losses due to adjustments within the foreign forex rates.
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explain the nature of operations
Answers
Question Number 3) Toyota sources parts from suppliers globally, ships them to manufacturing plants all over the world for vehicle assembly, and sells the finished new automobiles to end consumers through an international network of franchised and company-owned dealerships. The process by which the company manages upstream and downstream value-added flows of materials, final goods, and related information is known as __________
Answers
The process by which the company manages upstream and downstream value-added flows of materials and related information is known as supply chain management.
What is supply chain management?Supply chain management can be defined as the movement of products or goods and service from one location to another location.
Supply chain management is important as it makes it easy for companies to moves their raw materials as well to distribute their finished goods to end users or final consumer.
Inconclusion the process by which the company manages upstream and downstream value-added flows of materials is known as supply chain management.
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Oliveras Company had net credit sales during the year of $800,000 and cost of goods sold of $500,000. The balance in accounts receivable at the beginning of the year was $100,000, and the end of the year it was $150,000. What were the accounts receivable turnover and the average collection period in days? a. 6.4 and 57 days. b. 4.0 and 91.3 days. c. 5.3 and 68.9 days. d. 8.0 and 45.6 days.
Answers
Answer:
a. 6.4 and 57 days
Explanation:
The computation of the accounts receivable turnover and the average collection period in days is shown below;
The account receivable turnover is
= $800,000 ÷ ($100,000 + $150,000) ÷ 2
= 6.4 times
And, the average collection period is
= 365 days ÷ 6.4 times
= 57 days
Therefore the a option is correct
When is the coupon rate on a bond equal to the investor's required rate of return?
a. When you have collected 10 coupons
b. When compounding occurs once a year
c. When the par value equals market value
d. When there is no risk to the investor
Answers
The coupon rate on a bond is equal to the investor's required rate of return when the par value of the bond equals its market value. Therefore, the correct option is C.
The coupon rate on a bond is equal to the investor's required rate of return when the bond is priced at par. When a bond is priced at par, the coupon rate is equal to the investor's required rate of return. This is because the coupon rate is the annual interest rate that the bond issuer will pay to the bondholder, and the investor's required rate of return is the rate of return that the investor demands in order to invest in the bond.
This means that the investor believes that the risk of investing in the bond is equal to the reward.
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Other things the same, as the price level falls, a country's exchange rate.
a. and interest rates rise.
b. rises and interest rates fall.
c. and interest rates fall.
d. falls and interest rates rise.
Answers
Hi there! Based on the information given, when the price level falls, a country's exchange rate typically rises.
Additionally, in this scenario, interest rates tend to fall. Therefore, the correct answer would be option c) the exchange rate rises and interest rates fall.
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As the price level falls, a country's exchange rate typically rises and interest rates fall. Thua, option B is correct.
When the price level decreases, it means that the prices of goods and services within the country are generally lower. This can make the country's exports more attractive to foreign buyers, leading to an increase in demand for the country's currency. As a result, the value of the country's currency appreciates, causing the exchange rate to rise.
A higher exchange rate means that it takes more units of foreign currency to purchase one unit of the country's currency. This can make imports more expensive, which can help stimulate domestic industries and protect local producers.
In addition, as the exchange rate rises, it becomes cheaper for the country to borrow money from foreign lenders. This increased accessibility to foreign capital leads to a decrease in interest rates.
In summary, when the price level falls, a country's exchange rate typically rises, making exports more attractive and imports more expensive. This, in turn, can lead to a decrease in interest rates as borrowing becomes cheaper.
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anyone like jschlatt here
Answers
Answer: yes.
Explanation:
cause he's amazing, he's jschlatt, and he's awesome
thank you for coming to my TedTalk :)
The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology
Answers
Answer:
A.Law, Public Safety Corrections, and Security.
Explanation:
Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.
Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.
Despite its name, central yogurt is located in a small shopping center far from customers. However, the company enjoys outstanding business because satisfied customers share their enjoyable experiences at central yogurt with their friends and relatives. Central yogurt apparently benefits from positive.
Answers
Based on the given description that despite its name, central yogurt is located in a small shopping center far from customers through the way satisfied customers share their enjoyable experiences and they benefit from positive word of mouth
What is Word of Mouth?This refers to the term that describes the referral of a person or group to a place where feedback is given, either positive or negative based on past experiences.
Hence, it can be seen that although the company Central Yoghurt is far from customers, it enjoys positive word of mouth as a result of the positive feedback from satisfied customers.
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Despite its name, Choco Central is located in a small shopping center far from customers. However, the company enjoys outstanding business because satisfied customers share their enjoyable experiences at Choco Central with their friends and relatives. Choco Central apparently benefits from positive
Multiple Choice
trade advertising.
word of mouth.
sales promotion.
public relations.
On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE
Answers
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
How can diversity in the workplace make a company more competitive in a global market?
a)Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies.
b)Diversity minimizes group think and can bring new ideas, attitudes, and experiences to the development of global products and services.
c)Diversity promotes global domination of the marketplace.
d)Diversity is a moral virtue, and morals are consistent worldwide.
Answers
Answer:
A: Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies
What is the interest earned in a savings account after 12 months on the balance of $1000 if the interest rate is 1% APY compounded yearly
Answers
The the interest earned in a savings account after 12 months on a balance of $1000, with a 1% APY compounded yearly, is $10.
How to calculate the interest earned in a savings accountUsing the formula for compound interest:
A = P(1 + r/n)^(n*t)
Given:
P = $1000
r = 0.01 (1% in decimal form)
n = 1 (compounded yearly)
t = 1 year
Substituting the values into the formula:
A = 1000(1 + 0.01/1)^(1*1)
A = 1000(1.01)^1
A = 1000(1.01)
A = 1010
The final amount after 12 months is $1010.
To find the interest earned, we subtract the initial balance from the final amount:
Interest earned = A - P
Interest earned = $1010 - $1000
Interest earned = $10
Therefore, the interest earned in a savings account after 12 months on a balance of $1000, with a 1% APY compounded yearly, is $10.
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Your client, phil, can convert his principle residence to a vacation home and treat it as a second home for tax purposes ___________________.
Answers
Your client, Phil, can transform his principal residency into a vacation home and treat it as a second house for tax purposes As of the date the modification takes place.
Is qualified residence stake deductible?You can remove home mortgage interest on the first $750,000, and $375,000 if married filing separately of indebtedness. However, higher limits of $1 million ($500,000 if married filing separately) apply if you are deducting a mortgage claim from indebtedness incurred before December 16, 2017.
If you sell your home, you can lower your taxable capital gain by the number of your selling costs including real estate agent commissions, legal fees, advertising costs, title insurance, administrative costs, escrow fees, and inspection fees.
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You made investment in Firm B’s stock. The market shows the following annual returns on Firm B’s stock over the past five years: 27%, 13%, 18%, -14%, and 9%.
a) Calculate the holding period return.
b) Calculate the average return (mean) over this 5-year period.
c) Calculate the standard deviation of stock returns over this 5-year period.
Answers
a) The holding period return is 19.1%. b) The average return over this 5-year period is 10.6%. c) The standard deviation of stock returns over this 5-year period is 15.6%.
a) The holding period return is the total return earned by an investor over the entire holding period of an investment. To calculate the holding period return, we can use the formula:
Holding period return = (Ending value - Beginning value + Income) / Beginning value
where,
Ending value = Value of investment at the end of the holding period
Beginning value = Value of investment at the beginning of the holding period
Income = Any income received from the investment, such as dividends.
In this case, we don't have the actual beginning and ending values of the investment or any income received from the investment. Therefore, we can assume a beginning value of $100 and calculate the holding period return based on the given annual returns on Firm B's stock over the past five years.Using the above formula, we get:Holding period return = [(1 + 27%) x (1 + 13%) x (1 + 18%) x (1 - 14%) x (1 + 9%)] - 1= 1.191 - 1= 19.1%
b) To calculate the average return (mean) over the 5-year period, we can add up all the annual returns and divide by the number of years. Using the formula for mean, we get:
Mean = (27% + 13% + 18% - 14% + 9%) / 5= 53% / 5= 10.6%
c) To calculate the standard deviation of stock returns over this 5-year period, we can use the following formula:
Standard deviation = [(Sum of (Annual return - Mean annual return)²) / (Number of years - 1)]½
Using the given annual returns and the mean annual return calculated in part (b), we get:
Standard deviation = [(27% - 10.6%)² + (13% - 10.6%)² + (18% - 10.6%)² + (-14% - 10.6%)² + (9% - 10.6%)²] / (5 - 1)½= [305.16 + 5.76 + 47.56 + 616.36 + 2.56] / 4½= 242.8 / 4½= 15.6% (rounded to one decimal place)
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If the price of K declines, the demand curve for complementary product J: a. shifts to the left. b. decreases. c. shifts to the right d. remains unchanged
Answers
If the price of product K declines, the demand curve for complementary product J will shift to the right. The correct answer is C.
Complementary products are two products that are consumed together. In other words, their demand is linked. If the price of one product changes, the demand for its complementary product will also change. Let's understand this with the help of an example.
Suppose that products A and B are complementary products. If the price of product A declines, consumers will be more likely to purchase product A. Due to this increase in demand, the demand for its complementary product, B, will also increase. As a result, the demand curve for complementary product B will shift to the right. Therefore, if the price of product K declines, the demand curve for complementary product J will shift to the right.
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QUESTION 2 of 10: Which of the following information would not be found in a typical lease?
a) The amount of the monthly rent payment and the day of the month it is due
b) The name of the previous tenant
c) The address of the unit being rented
Od) The beginning and ending dates of the rental agreement
Submit
Answers
Information that would not be found in a typical lease is b) The name of the previous tenant.
What is a lease ?An obligation that mutually binds a landlord and renter, outlining the terms of their property rental is identified as a lease.
An ordinary agreement will furnish relevant details such as when monthly payments are due, in addition to the unit's address, and specific start and end dates for renting the property. Normally, a lease agreement omits mention of the former lessee's name. Essentially, this information holds no bearing on the existing rental arrangement.
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Because PSAs are a special class of advertising, FCC rules require
A. consumers to listen to them.
B. court approval before they are aired.
C. all advertisers to contribute to them.
D. broadcasters to devote a specific amount of free time to them.
E. they use only the informative or reminder advertising appeals.
Answers
Therefore the correct option is D. Broadcasters are required to devote a specific amount of free time to PSAs.
PSAs, or Public Service Announcements, are a special class of advertising that serve the public interest by promoting social issues, causes, or important messages. In the United States, the Federal Communications Commission (FCC) has established rules regarding PSAs and their broadcast requirements.
According to FCC rules, broadcasters are required to devote a specific amount of free airtime to PSAs. This means that broadcasters must allocate a certain portion of their broadcasting time to disseminate public service messages without charge to the advertiser. The specific amount of free airtime dedicated to PSAs may vary based on regulations and policies set by the FCC or other governing bodies.
The purpose of this requirement is to ensure that important public interest messages reach a wide audience and contribute to the betterment of society. By mandating broadcasters to provide free airtime for PSAs, the FCC aims to address issues or concerns that may otherwise go unnoticed or receive limited exposure due to financial constraints.
It is important to note that while PSAs are a special class of advertising, FCC rules do not mandate consumers to listen to them. Consumers have the freedom to tune in or tune out of broadcasted PSAs based on their own preferences.
In conclusion, the correct answer is D. Broadcasters are required by FCC rules to devote a specific amount of free time to PSAs, ensuring that these public interest messages reach a broader audience and serve the social good.
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According to Career Horizons,
of jobs are not advertised.
O 90 to 100 percent
O 30 to 40 percent
O 10 to 20 percent
O 70 to 80 percent
Answers
Answer:
70 to 80 percent
Explanation:
According to various online sources, including Career Horizons, about 70 to 80 percent of jobs are not published. It means that these vacancies are not publicly advertised. The only way of knowing that the vacancies exist is through networking.
Getting a job requires one to be a member of a professional network. It is the only sure way of getting to know about the 70 to 80 percent of unadvertised jobs.
1. Determine the trade-offs of implementing an ERP system in the company versus buying best of breed software and using middleware to integrate. 2. What are the potential impacts of such implementation on the company’s suppliers and customers? 3. If the company chose to stay with the system it currently has, what are some potential consequences that can occur in the future? 4. Based on the business nature of the company, the industry, and the current environment, what would you recommend doing?
Answers
Answer:
Throughout the clarification segment follows, the context of the concern is mentioned.
Explanation:
(a)
There seem to be different divisions of every company, such as ordering, production management, engineering, finance as well as ordering management, and marketing. Previously, with each company maintaining their everyone else's collection of information, these same government agencies used to collaborate throughout silos, resulting in redundant systems but so much time and energy during peaceful coexistence.By facilitating cross-functional transfers, ERP packages support organizations. These bundles, for example, come up with all these financial, ordering, balance sheets, accounts receivables, fully organized cash equivalents for one another and, and therefore also companies no longer have to store different copies of records. The numerous divisions can navigate the purchasing order that is raised throughout the framework.(b)
The future effect including its company's introduction to the ERP system would make communication with suppliers healthier and more streamlined. To strengthen the distribution network, collaboration with vendors can enhance communication and exchange knowledge utilizing innovative software. For clients, this new ERP deployment framework will satisfy the existing domain's scalable specifications.(c)
If the organization wanted to stick in the new method that was being non-synchronous and unreliable through its service, the likely implications for the immediate future seem to be the corporation's defeat with loss. There was no standard program or software kit used by the new framework for the whole enterprise and the complete IT arrangement was then disintegrated.The void of misunderstanding might expand if the government continues this very same method, combined with a lack of improvement in order fulfillment and procurement of materials. The attorney general's office and accounting would not have been able to assemble the tremendous pricing information that would not operate the shop in a successful direction instead of always get knotted in tech problems.(d)
The organization's overall nature includes an optimized application suite to be adopted, which is standardized for the whole workplace. The entire organization should be trained by a similar arrangement running on a single platform. Software besides inventory control, accounting, business development, capital structure, but most project management should be included in this effort and compliance.Effectiveness cloud-based software could allow the management to configure the program according to its preferences and then use it for particular purposes without buying everything at once. This ERP implementation seems to be profitable for the organization in terms of the current culture and community, as well as for the organization's strategic accomplishment.
What role did the relevant stakeholders play to identify these issues? Explain.
Answers
Relevant stakeholders played a crucial role in identifying these issues by actively participating in the process of data gathering, analysis, and feedback.
They provided valuable insights, perspectives, and expertise based on their knowledge and experience. Their involvement ensured a comprehensive understanding of the problem, considering different viewpoints and potential impacts. Stakeholders, such as customers, employees, community members, and industry experts, were engaged through surveys, interviews, focus groups, and consultations. Their input helped uncover various issues, including challenges, risks, and opportunities, which might have been overlooked otherwise. By actively involving stakeholders, organizations gained a more holistic understanding of the issues at hand and could tailor their strategies and solutions accordingly, fostering better decision-making and problem-solving processes.
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more than 40 percent of the employees at a company lost their jobs during a recent recession. the human resource department of this company would call this role ambiguity. voluntary turnover. role conflict. involuntary turnover.
Answers
The human resource department of the company would call this involuntary turnover since more than 40 per cent of employees lost their jobs during a recent recession.
Since the workers did not opt to quit the company willingly, the human resources section of the business would refer to this as involuntary turnover. More than 40% of workers who lose their employment during a recession may be doing so for uncontrollable factors like financial volatility, business reorganization, or economic downturns.
Role ambiguity describes circumstances in which employees are unsure of their work duties, whereas role conflict occurs when employees must choose between competing demands from their job positions. As a result, the situation in question does not apply to these words.
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Which term describes a country that has relatively high ratings for per capita income, GDP, and standard of living?
Answers
An advance economies is what describes the country that has relatively high ratings for per capita income, GDP and standard of living
What is called an advance economies?This refers to the economies that have a high level of per capita income, a varied export base, and a financial sector that's integrated into the global financial system.
In other word, the advance economies is also called a developed economies and it is related to countries with relatively high levels of economic growth and security are considered to have developed economies. The common criteria for evaluation include income per capita or per capita gross domestic product.
Therefore, the Option A is correct.
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Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answers
Answer:
D. Catalog
Explanation:
Its not a store.
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their ________.
Answers
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."
What is economic sociology?Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.
Some key features regarding the economic sociology are-
Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity. Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual. When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.To know more about the economic sociology, here
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how can we use the list of preference while making decisions
Answers
Answer:
you Nepal ?
Explanation:
hey what you asking
Describe the internal control issue in the following situation. The mail clerk opens the mail, records the receipts, and turns this record and the receipts over to the bookkeeper, who deposits the receipts in the bank. The bookkeeper then records the receipts in the customer accounts.
Answers
The internal control issue in the situation with the mail clerk opening the mail and recording the receipts, and the bookkeeper recording the deposits, is Segregation of Duties.
What is the Segregation of Duties internal control ?The procedures, checks, and balances that must be put in place when a business expands are known as internal controls. Any component of your business, from IT to human resources, can be related to internal controls.
One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
The idea that managing a firm shouldn't be the responsibility of one person forms the cornerstone of segregation of roles. No one individual should be in charge of any task that could result in fraud or other illegal activities that could hurt the business.
This is why the mail clerk and the bookkeeper should not be doing the number of tasks that they do.
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True/False: Money is more important than finding something you're going to love
doing.
Answers
Answer:
False.
You don't want to work day and night, or do something you are not willing to, just to get a bunch of money
Explanation:
Which of the following is a disadvantage of enterprise resource planning (ERP) systems?
A. It is not supported by cloud computing.
B. It is not beneficial to large corporations.
C. Its implementation requires a large commitment of time and people.
D. It uses separate software systems, such as sales and payroll.
Answers
Its implementation requires a large commitment of time and people. One of the disadvantages of enterprise resource planning (ERP) systems is that their implementation typically requires a significant commitment of time and resources from an organization.
Implementing an ERP system involves various stages, including system selection, customization, data migration, training, and organizational change management. This process can be complex and time-consuming, requiring the involvement of various stakeholders and dedicated personnel. Organizations need to allocate sufficient time and resources to properly plan, implement, and integrate the ERP system into their existing operations.
Option A is incorrect because ERP systems can be supported by cloud computing, offering advantages such as scalability, accessibility, and reduced infrastructure costs. Option B is incorrect because ERP systems are often beneficial to large corporations as they help streamline operations, improve efficiency, and provide centralized management of resources.
Option D is incorrect because ERP systems aim to integrate different functions and departments, eliminating the need for separate software systems and promoting data consistency and collaboration across the organization.
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How is the value of a product determined?
Answers
Answer:
One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.
If an unemployed person quits looking for work, then, eventually the unemployment rate a. decreases, and the labor-force participation rate is unaffected. b. and the labor-force participation rate are both unaffected. c. and the labor-force participation rate both decrease. d. is unaffected, and the labor-force participation rate decreases.
Answers
Answer:decreases and the labor force participation rate is unaffected
Explanation: