Managerial accounting places more emphasis on precision and less emphasis on flexibility and relevance of data than does financial accounting. a. true b. false

Answers

Answer 1

The correct answer is (a) true.

Compared to financial accounting, management accounting favors emphasizing timeliness while placing less focus on accuracy.

Where does a management accountant work?

Governmental organizations, private enterprises, and public companies all employ management accountants. Cost accountants, managerial accountants, industrial accountants, private accountants, and corporate accountants are other names for these experts.

Despite the fact that there are twelve different accounting disciplines, three main forms of accounting are recognized by McAdam & Co. These include financial accounting, managerial accounting, and tax accounting.

Which four managerial accounting areas are there?

The primary goal of managerial accounting, which primarily consists of four major functions:

(1) budgetary planning,

(2) cost discovery,

3) cost and profit analysis, and

(4) financial reporting,

is the preparation of these data and reports.

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Related Questions

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a
The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government a
Members of the Council of 500 were chosen

Answers

Answer:

To understand how democracy developed in ancient Greece, you must examine the polis, which was the Greek word for a city-state. The Greeks shared a language and culture, but each polis had a different government. In 509 BCE, Athens created a new set of rules that gave power to the people. The Greeks called this government democracy. Members of the Council of 500 were chosen randomly.

Answer:

city-state ,democracy ,randomly

Explanation:

just took the test on edge

Question 66 Marks: 1 Stakeholder Focused Interactive Strategic planning is designed to locate common ground held by all stakeholders in the planning process.Choose one answer. a. True b. False

Answers

The given statement " Stakeholder Focused Interactive Strategic planning is designed to locate common ground held by all stakeholders in the planning process" is true.


Stakeholder Focused Interactive Strategic planning aims to involve all stakeholders in the planning process to find common ground. This approach recognizes the importance of engaging stakeholders, including customers, employees, shareholders, suppliers, and the wider community.

It involves a collaborative process that encourages feedback, input, and participation from all parties.

By engaging stakeholders, this approach helps to identify the needs, values, and priorities of all parties, enabling the development of a comprehensive and effective strategic plan.

The ultimate goal is to align the interests of all stakeholders to achieve sustainable and long-term success.

Therefore, the statement that Stakeholder Focused Interactive Strategic planning is designed to locate common ground held by all stakeholders in the planning process is true.

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Intoxicated but still capable of comprehending the consequences of her actions, cricket signs a contract to sell her phone app design to downloads, inc. This contract is.

Answers

An intoxicated person may lack the mental capacity necessary to contract. Generally, this will require extreme intoxication. If the intoxicated person enters into a contract, she must disaffirm the contract within a reasonable time of regaining capacity and learning of the contract. But most likley in a court of law it will be inadmissable.

The flowchart above illustrates which type of organizational message?
a.
upward
b.
lateral
c.
grapevine
d.
downward

Answers

Answer:

upward is the correct answer

In a new margin account, a customer sells short 1,000 shares of xyz at $30 per share and deposits the required margin. if the stock subsequently falls to $25 per share, the equity in the account is?

Answers

The equity in the account is 20000.

Equity isn't taken into consideration as an asset or a liability on an enterprise's monetary statements. fairness is what you get when you subtract liabilities from assets. equity is meditated on an agency's stability sheet.

Fairness profits refer to income that is acquired through inventory dividends. A dividend is basically a reward paid to shareholders for or their investment in an organization, that is commonly paid from the corporation's internet income.

Equity is also referred to as internet really worth or capital and shareholders fairness. This fairness will become an asset as it's far something that a homeowner can borrow in opposition to if need be. you can calculate it by way of deducting all liabilities from the entire fee of an asset: (equity = assets – Liabilities).

The beginning equity is $15,000 (CR − SMV = EQ, or $45,000 − $30,000 = $15,000). If the market value falls to $25,000, equity is determined as $45,000 minus $25,000 equals $20,000.

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A clerk entering salary data into a company spreadsheet accidentally put an extra
​"00​"
in the​ boss's salary, listing it as
2,300,000
instead of
​$230,000
Explain how this error will affect these summary statistics for the company payroll.
​a) measures of center​ (median and​ mean)
​b) measures of spread​ (range, IQR, and standard​ deviation)
​a) Choose the correct answer below.
A.
The median will be too small and the mean will be too large.
B.
Assuming the​ boss's true salary is above the​ median, the median will be the same. The mean will be too large.
C.
Assuming the​ boss's true salary is above the​ median, the median will be the same. The mean will be too small.
D.
The median and the mean will be too large.
Part 2
b) Choose the correct answer below.
A.
The range will likely be the same. The IQR will likely be too large. The standard deviation will be too large.
B.
The range will likely be the same. The IQR will likely be too large. The standard deviation will be too small.
C.
The range will likely be too large. The IQR will likely be too small. The standard deviation will be too small.
D.
The range will likely be too large. The IQR will likely be the same. The standard deviation will be too large.
Expert Answer

Answers

a) The correct answer is C. Assuming the boss's true salary is above the median, the median will be the same. The mean will be too small.

b) The correct answer is A. The range will likely be the same. The IQR will likely be too large. The standard deviation will be too large.

The median represents the middle value of a dataset when arranged in ascending order. Since the boss's salary is exceptionally high compared to other salaries, it is likely above the median. Therefore, the addition of "00" to the boss's salary will not affect the median, as it remains the same.

However, the mean is sensitive to extreme values. The accidental addition of "00" to the boss's salary significantly increases the total sum of salaries, resulting in a higher mean. Thus, the mean will be too small compared to the true average salary of the company.

The range represents the difference between the highest and lowest values in the dataset. Since the boss's salary is an extreme value, it affects the range. Adding "00" to the boss's salary will increase the range, making it likely to be larger than it would be without the error.

The interquartile range (IQR) measures the spread of the middle 50% of the dataset. The IQR is less affected by extreme values, so it will likely remain the same despite the error in the boss's salary.

The standard deviation measures the overall variability or dispersion of the dataset. The accidental addition of "00" to the boss's salary significantly increases the total sum of salaries, resulting in a larger standard deviation.

To summarize, the range will likely be the same, the IQR will likely be too large, and the standard deviation will be too large due to the error in the boss's salary data.

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Perform an Internet search on looks for companies with positive cultures. How does leadership affect the company culture? What are examples of companies with a good culture? What about these companies makes the culture positive? How do you think company culture would affect you personally? What kind of company culture would you thrive in?

Include source URLs in your answer.

Answers

A well-known companies with positive cultures is Salesforce.

How to explain the information

Leadership plays a crucial role in shaping a company's culture. Leaders set the tone for the organization and establish the values and behaviors that are expected of employees. When leaders prioritize a positive work environment, they can create a culture that fosters collaboration, innovation, and employee engagement.

Salesforce is often cited as a company with a positive culture. The leaders prioritize employee satisfaction and prioritize open communication and collaboration. The company offers numerous perks to its employees, including free gourmet meals, on-site fitness classes, and unlimited vacation time.

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Which of the following would represent a proper scope for market testing?
O A. Providing a limited number of the product to all potential retail
outlets
B. Placing the product in only a few retail locations for only one retail
chain
C. Exposing a small group of individual consumers to the product at
the company office
D. Providing an unlimited number of the product to all interested
retailers

Answers

The statement would represent a proper scope for market testing by Placing the product in only a few retail locations for only one retail chain. Thus the correct option is B.

What is a Product?

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

The experimental release of a product and a marketing strategy is known as test marketing. The goal is to evaluate how potential customers will respond in a highly competitive marketplace.

Positioning the product in a small number of retail outlets for a single retail chain will allow for more focused market testing and better customer feedback.

Therefore, option B is appropriate.

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which of the following would make a person well suited for entrepreneurship?

a. prefers to follow others on projects

b. likes making decisions

c. doesn't like people

d. likes to work regular hours


APEX

Answers

B. Because entrepreneurs are normally their own boss.

Entrepreneurs likes making decisions because they are their own boss. Option (b) is correct.

What do you mean by Entrepreneurship?

Entrepreneurship is the practice of operating a business with a fresh concept or in a novel approach, ultimately benefiting the client or the consumer. A novel product or service can represent a new idea in a business.

Self-motivation is among the most crucial characteristics of entrepreneurs. Pushing oneself is necessary if you want to succeed. Because you are your own boss as an entrepreneur, it can occasionally be challenging to begin rolling without external pressure.

Therefore, Option (b) is correct. Making decisions by their own would make a person well suited for entrepreneurship.

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unless properly disclaimed, a warranty is implied that sold or leased goods are fit for the ordinary purpose for which they are sold or leased, as well as other assurances. this is known as the implied warranty of .

Answers

Unless expressly disclaimed, a warranty that sold or leased products are fit for the ordinary purpose for which they are sold or leased, as well as other assurances, is implicit. This is known as the implied warranty of warranty flashcards.

Leased Goods are goods that the Contracting Authority has opted to lease from the Supplier on a fixed-term basis in exchange for regular monthly payments. Throughout the lease agreement, the Supplier will retain ownership of the Leased Goods.

However, the term implicit also implies "without a doubt," thus we might say that we have implicit trust or confidence in someone. The Latin root implicate means "to involve or entangle," and another English word with a more clear link to this Latin base is implicate.

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Stephan's dream is to own his own hair styling salon. Which educational path
will help him realize that goal?
OA. A 900 hour certificate course at an electrical college.
B. A two-year degree at a state college.
C. A 1,200 hour certificate course at a beauty college.
OD. A four-year humanities degree at a state college.

Answers

The educational path that will help him realize that goal is: C. 1,200 hour certificate course at a beauty college.

What is goals?

Goals can be defined as what a person have the plan to achieve and work towards achieving the set goals.

If his  dream was to have his own hair styling salon, 1,200 hour certificate course at a beauty college will be the best choice as it is the educational path that will enable him  to achieve his set goal.

Therefore the correct option is c.

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According to the authors of your textbook, buying the naming rights to a sports or entertainment venue (for example, Kroger Field) is a form of __________. Some other authors (including, perhaps, the authors of your MKT 300 textbook) say that it is a form of __________. Group of answer choices personal selling; public relations public relations; advertising advertising; sales promotion in-store marketing/design elements; public relations direct marketing; sales promotion

Answers

The correct answers to the given questions are sales promotion; public relations.

What is a Sales Promotion?

This refers to the creation of awareness for a particular brand or product by identifying a brand with it for better sales.

Hence, we can see that by buying the naming rights to a sports venue, it can be used as a form of sales promotion, and also some authors believe this is a form of public relations.

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Which type of tax is paid to support transfer payments and other programs of the u.s. government

Answers

Federal income tax: An income tax is a type of tax that the federal government levies on people and corporations based on their earnings.

What kind of tax is paid to the government directly? Federal income tax: An income tax is a type of tax that the federal government levies on people and corporations based on their earnings.Defense, foreign policy, law enforcement, and debt interest are just a few of the government initiatives that are funded in part by the federal income tax.Taxes that are paid directly to the government by the taxpayer are known as direct taxes.A progressive tax is one that levies an income tax that is higher for high-income groups than for low-income ones.An equal percentage of revenue from each income category is taken as a tax under a proportional system.Regressive taxes—Taxes that take a bigger percentage of low-income groups' income than high-income groups—are those that are imposed.

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When is chosen by a company as a major strategy, the production system is very likely to experience sudden interruption and loss of productivity Reliability Centred Maintenance Breakdown Maintenance Predictive Maintenance Preventative Maintenance Total Productive Maintenance

Answers

When chosen by a company as a major strategy, the production system is very likely to experience sudden interruption and loss of productivity is Preventative Maintenance.

Preventive maintenance is defined as an approach that involves taking steps to preserve the integrity and safety of equipment, reducing the likelihood of unexpected downtime and breakdowns. Preventive maintenance helps to ensure that equipment is always in good working order, which can result in higher levels of efficiency, lower maintenance costs, and improved safety for employees who operate and maintain the equipment.

There are several types of maintenance, such as Reliability Centered Maintenance, Breakdown Maintenance, Predictive Maintenance, Preventative Maintenance, and Total Productive Maintenance. Reliability Centered Maintenance is a process that involves analyzing the reliability of a system and then making changes to improve its performance. Breakdown maintenance is a process that involves repairing equipment after it has failed.

Predictive maintenance is a process that involves analyzing data to identify trends and potential issues before they occur. Total Productive Maintenance is a process that involves engaging employees in the maintenance process to ensure that they are aware of the importance of maintaining equipment and taking steps to ensure that it is always in good working order.

In conclusion, preventive maintenance is an effective approach to ensure the reliability and safety of equipment, reducing the likelihood of unexpected downtime and breakdowns.

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Give your opinion based upon the numbers as to whether production seems to be budgeted properly, and whether the corporation can make an adequate profit above breakeven levels

Answers

Answer:

The production level needs to be budgeted accurately as this is the main strategy which is essential for the success of the business. The corporation cannot make adequate on the breakeven level as this is no profit, no loss situation.

Explanation:

The production level is the basis for sales. If the production level is not accurately estimated then there will be over of under production problems to the business. The over production will result in excess cost to the company and under production will result in lesser profit and sales. The breakeven level is the no profit no loss situation. This is the situation where company earns money equal to its cost and expenses and nothing is saved by the company as profit.

When the business cycle or economic activity is declining, the economy is said to be in....?

A
the trough

B
contraction

C
expansion

D
recovery

Answers

contraction is to decline the answer is B

which task is carried out by book keeping

Answers

Answer:

Explanation:

Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.

Tell me ten different things a person would need a credit score for? WILL MARK BRAINLIEST DUE TODAY PLEASE HELP 50 POINTS

Answers

Buying a home, renting a car, credit card, bills, pulling out a loan, Renting a home , buying a car

Using the paper by Beck el at (2013) entitled
"Supervising cross-border banks: theory, evidence and policy",
discuss the implications for the supervision of cross-border banks
of the finding that

Answers

I apologize, but as an AI language model, my responses are generated based on pre-existing knowledge and general information. I do not have direct access to specific papers or their contents, such as the one you mentioned by Beck et al. from 2013. Therefore, I cannot discuss the implications of the specific findings from that paper.

Cooperation and coordination: Cross-border bank supervision requires close cooperation and coordination among different regulatory authorities from multiple jurisdictions. Effective information sharing, collaboration, and coordination mechanisms are essential to ensure the stability and integrity of the banking system.

Regulatory arbitrage: Cross-border banks can take advantage of regulatory differences across jurisdictions to engage in regulatory arbitrage. This refers to the practice of exploiting gaps or inconsistencies in regulations to minimize regulatory burden or evade stricter rules. Supervisors need to address this issue by harmonizing regulatory standards and enhancing cross-border cooperation.

Systemic risk: Cross-border banks can amplify systemic risk due to their interconnectedness and the potential for contagion across borders. Supervisors must monitor and evaluate the systemic risks associated with cross-border activities and take appropriate measures to mitigate them. This may involve stress testing, capital and liquidity requirements, and enhanced risk management practices.

Legal and jurisdictional challenges: Different legal frameworks and jurisdictions complicate cross-border supervision. Supervisors need to navigate legal and jurisdictional challenges, including variations in legal powers, information-sharing agreements, and enforcement mechanisms. International cooperation agreements and regulatory frameworks, such as Basel III, aim to address these challenges.

Home-host cooperation: The home-host cooperation framework is crucial for supervising cross-border banks. The home country regulator supervises the overall health and soundness of the bank, while host country regulators oversee the operations and activities of the bank's subsidiaries and branches within their jurisdiction. Effective cooperation and information exchange between home and host regulators are necessary for effective supervision.

While these points provide a general overview of the implications for the supervision of cross-border banks, it's important to refer to the specific findings and recommendations of the paper you mentioned for a more comprehensive understanding.

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Here is a histogram representing a quantitative data set. Which one of the following gives the best tools for measuring the center and spread? a. Mean and standard deviation b. Median and standard deviation c. Mean and IQR d. Median and IQR

Answers

The best tools for measuring the center and spread of a quantitative data set represented by a histogram are the mean and standard deviation, which is option a.

The mean (average) provides a measure of the center of the data set by calculating the sum of all values and dividing it by the total number of values. It represents the typical value or central tendency of the data. The standard deviation, on the other hand, measures the spread or dispersion of the data around the mean. It quantifies how much the individual data points deviate from the mean, providing an indication of the variability or spread of the data set.

While the median and interquartile range (IQR) are also useful measures, they are typically more appropriate for skewed or non-normally distributed data sets. The median represents the middle value in a data set, separating the lower half from the upper half, and is less sensitive to outliers compared to the mean. The IQR measures the spread of the middle 50% of the data, specifically the range between the 25th and 75th percentiles.

In the case of a histogram, where the data is represented in intervals or bins, the mean and standard deviation provide a more comprehensive and representative summary of the center and spread of the data, capturing both the location and variability of the values. Therefore, option a, mean and standard deviation, would be the most appropriate choice for measuring the center and spread of the given quantitative data set represented by a histogram.

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If a company has good customer retention, that means it has what? A. CRM software B. New sales leads C. Repeat customers D. High sales commissions Please select the best answer from the choices provided A B C D

Answers

If a company has good customer retention, that means it has repeat customers.

A retention rate of 100% is usually a plus. While a 15% retention percentage is often unfavorable. The in-between stuff differs by industry. For one niche, what may be acceptable may not be for another, and vice versa.

The likelihood that a consumer will become a devoted, repeat customer rises with increased customer retention, which can significantly boost profitability. Businesses may upsell or cross-sell to their consumers more successfully since the connection is already based on trust and customer pleasure with the product.

Customer retention enhances income and increases the lifetime value of your customers. It also aids in creating wonderful connections with your clients.

Hence the correct option is C

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A 60-day note receivable dated June 17 has a maturity date of

Answers

Answer:

the maturity date is August 12

Explanation:

The computation of the maturity date of 60 day note receivable dated on June 17 is as follows

Here we have to determine the 60 days from June 17

So in June, the remaining days left would be = (30 - 17) = 13

31 days in July

And, the rest of the days i.e. 12 days in August

So, the maturity date is August 12

Hence, the same would be considered

and, the same is relevant

Suppose that the cost of electrical energy is $0. 10 per kilowatt hour and that your electrical bill for 30 days is $54. Assume that the power delivered is constant over the entire 30 days

Answers

If power delivered is constant over the entire 30 days, than the power every moment is 750 watts. It can be calculated by divide total bill by 720 hours.

It is very important to calculate the cost of electricity. The cost of electricity used by customers is calculated based on the amount of electrical energy used. In the calculation, the unit of electrical energy used is kWh (kilo watt hour). From this unit, the time base is in hours.

The calculation:

A day has 24 hours, so a month has 24 × 30 = 720 hour

In a month we spent a total of $54 so per hour we were spending

54/720 = $0,075 per hour

We know the cost of one kw/hours is 0,10 kw/hours so dividing the money spent in an hour among this value we get:

0,075/0,10 = 0,75 kw

Assume that power delivered is constant, so every moment is:

0,75 x 1000 = 750 Watts

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What is the outlook for marketing career opportunities
A The number of jobs in marketing is falling
B The number of jobs in marketing will remain steady
C no one knows what the outlook is for jobs in marketing
D The number of jobs in marketing is on the rise

Answers

Answer:

D The number of jobs in marketing is on the rise

Explanation:

The outlook for marketing career opportunities is  The number of jobs in marketing is on the rise. Thus the correct option is D.

What is a Career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achieve the goals of life.

The outlook for marketing career opportunities is typically bright, As the demand for marketing professionals grows, This expansion is being driven by the growing importance of marketing in today's business environment and its significance.

Aside from marketing managers, there are numerous other marketing careers accessible, such as market research analysts, public relations specialists, and digital marketing specialists which brings career prosperity and growth.

Therefore, option D is appropriate.

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What happens when the quantity demanded is very responsive to changes in price?

The percentage change in quantity demanded will be:

A) less than the percentage change in price

B) greater than the percentage change in price

C) equal to the percentage change in price

D) unrelated to the percentage change in price

Answers

When the quantity demanded is very responsive to changes in price, the percentage change in quantity demanded will be B) greater than the percentage change in price.

This situation indicates that the demand is elastic, meaning that a small change in price leads to a relatively larger change in the quantity demanded. In other words, consumers are highly sensitive to price changes, and a decrease in price will result in a proportionally larger increase in the quantity demanded, or vice versa.

To illustrate, if the price of a product decreases by 10%, and as a result, the quantity demanded increases by 20%, the percentage change in quantity demanded (20%) will be greater than the percentage change in price (10%).

This relationship is a characteristic of elastic demand, where consumers are more responsive to price changes, making the quantity demanded more sensitive to fluctuations in price.

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ASAP!!
What does a most-favored-nation (MFN) status mean?

a. A country is exempt from product standards that make it expensive for goods to be imported.

b. A country has special licensing agreements with U.S. corporations.

c. A country pays the same tariffs as those paid by all MFN countries.

d. A country has a special exemption from all tariffs in the United States.

Answers

Answer:

c

Explanation:

Audrey, a team leader, wanted to make some changes in the seating arrangement of her team members to improve communication. She outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This is an example of

Answers

The example of communication illustrated by Audrey is two-way communication.

What is communication?

It should be noted that communication simply means the exchange of information between parties.

In this case, Audrey outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This form of communication that is illustrated by Audrey is two-way communication.

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1. Eno .L. keeps a three-column cash book for his business. During the month of May, 2023, the following transactions took place. May 1: Cash in hand # 4000 and at Bank # 6000 as capital. May 8: Cheque received from customers; Harry #4750: in full settlement of his account for # 5000 and prince # 2850 in full settlement of his account for #3000. May 11: Paid wages in cash #6000 May 20: Paid creditors by cheque and received from Chris #3600 in full settlement of his account of #4000 and Charles #2250 in full settlement of his account for #2500. Required: Balance the cash book and bring down the balances at the end of the period.​

Answers

Here is the balanced cash book for Eno.L. for the month of May, 2023:

The Cash Book

Date | Particulars | Debit | Credit | Balance

-------|---------|--------|--------|-------

May 1 | Capital | 4,000 | 4,000 | 4,000

May 8 | Cheques received | 7,600 | 0 | 11,600

May 11 | Wages paid | 6,000 | 11,600 | 5,600

May 20 | Creditors paid | 1,250 | 5,600 | 4,350

Balance brought down | 4,350 |

The balance brought down on May 31, 2023 is £4,350. This is the amount of cash that Eno.L. has in hand and at the bank at the end of the month.

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Which security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization? Vulnerability
Threat
Exploit
Risk

Answers

The security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization is Risk. Thus option D is correct.

What is an asset?

A resource of the business which has an economic value in the future to the business which helps business activities to take place smoothly is considered as an asset.

The definition of risk is the possibility that something bad might happen or any uncertainty that might disturb or affect a person's well-being or an asset in terms of physical harm or monetary loss.

Therefore, option D is appropriate.

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Does anyone have a perfect competition business example?

Answers

Answer:

Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.

Explanation:

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