When conducting a risk assessment, an external auditor should evaluate the elements of a strong corporate governance system, including internal controls, an internal audit function, and an audit committee.
The evaluation process involves assessing the effectiveness and reliability of these elements in mitigating risks and ensuring ethical practices within the organization.
To evaluate these elements, the external auditor may:
Internal Controls: Assess the design and implementation of internal controls to ensure they are adequate for identifying and managing risks.
Test the effectiveness of internal controls through sample testing and analysis of control activities.
Internal Audit Function:
Review the independence and competence of the internal audit function.
Evaluate the internal audit's scope, methodology, and reporting processes to determine if it adequately addresses risk areas.
Audit Committee:
Assess the independence, qualifications, and expertise of the audit committee members.
Review the committee's oversight of financial reporting, internal controls, and compliance with legal and ethical requirements.
Ethical signs that these systems are operating as intended may include:
Strong segregation of duties and controls to prevent fraud and unethical behavior.
Timely and accurate reporting of financial information.
Clear communication channels between the audit committee, internal audit function, and external auditor.
Adherence to professional standards and codes of ethics by the internal audit function and audit committee members.
Effective monitoring and follow-up on internal control deficiencies or audit findings.
By evaluating these elements and assessing their ethical functioning, the external auditor can provide insights into the overall strength of the corporate governance system and identify areas for improvement or additional risk mitigation measures.
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How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
What are called public services? Give any five examples.
Answer:
Supplying gas or electricity MilitaryPublic transportation ( Bus, Trains+)Emergency services Public broadcasting ( includes television, radio+)Explanation:
hopefully this helps !
Explanation:
Supplying gas or electricityMilitaryPublic transportation ( Bus, Trains+)Emergency servicesPublic broadcasting ( includes television, radio+)Thanking myself for the wonderful answer <33
a printed pamphelt that describes goods for sale is called a?
Answer:
The term "marketing brochure" refers to a small document, or pamphlet, which describes and promotes various products or services to be marketed.
Businesses get paid for the value it delivers through its business model. True or False?
True. Businesses get paid for the value they deliver through their business model.
The business model is the blueprint that outlines how a company creates, delivers, and captures value. It defines how a business generates revenue by providing products or services that fulfill customer needs and solve their problems. When a business effectively delivers value to its customers, it can charge a price that reflects that value. This allows the business to generate revenue and sustain its operations.
In conclusion, businesses do get paid for the value they deliver through their business model.
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A family in Kuala Lumpur owns a retail clothing store. Two brothers worked in the business, and
their mother is the president of the company. Sibling rivalry became a problem. In addition to his role as president, mothers often find themselves playing the role of referee and "chief emotional officer" when the two brothers fight. The constant rivalry between the siblings and the mother's need to intervene the hand between them disrupts the normally functioning business. The family realized that the system
his business is tied to the family system, but they aren't sure what to do about it.
Based on the above scenario:
a) explain what TWO (2) factors make a family business different. (30marks)
b) If the president of the company wants to retire but he does not want to hand over the company to his children, explain what steps can be taken to ensure that the company survives. (20 marks)
This is my final examination. I need an answer which can support marks given for each question . Please help me through out this
Based on the above scenario, we can answer the questions about family businesses as follows:
a. The two factors that differentiate a family business can be management succession planning and the emotional dynamics of the business.b. In this case, to ensure the company's survival, the president must already implement non-family management and create an external board of directors.What is a family business?It corresponds to a business that belongs to a family, that is, this one owns most of the shares of the company and is responsible for the control and management of the company.
Therefore, a family business is distinguished by the relationship between workers, which is more direct and emotional and must be managed with greater control and monitoring to avoid greater conflicts and inequalities.
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A company has to decide on which strategy to pursue to increase its competitive score: A score of 20 is a highly competitive company, while a score of 1 is a poorly competitive company. The company is currently considering four strategies. Management believes that there are four possible scenarios for the execution of these potential strategies based on its main competitor reactions: 1. The competitor will dramatically try to increase its competitive score. 2. The competitor will try to match the company's score. 3. The competitor will do nothing. 4. score. The competitor and the company will engage in a joint venture, increasing [both] their competitive The resulting company scores are shown in the table below. If the company's management uses Bayes' decision rule but only knows the probability of scenarios 1 and 2, explain the probability of Scenario 3 (p) so that Strategy 4 is chosen.
Scenarios
strategies] 1 ] 2 ] 3 ] 4 ]
Strategy 1] 4 ] 10] 20] 8 ]
Strategy 2] 8 ] 10] 15] 12 ]
Strategy 3] 6 ] 9 ] 17] 10 ]
Strategy 4] 5 ] 15] 16] 8 ]
Prior prob] 0.3] 0.5] p ] q ]
the probability of Scenario 3 (p) must be less than or equal to 0.075 so that Strategy 4 is chosen.
Bayes’ decision rule is used to determine the conditional probability of an event based on new information. The goal of this method is to minimize the probability of making an incorrect decision. To understand the probability of Scenario 3 (p) so that Strategy 4 is chosen, we must first understand the conditional probability.
In Bayes' decision rule, there are four possible scenarios:1. The competitor will dramatically try to increase its competitive score.2. The competitor will try to match the company's score.3. The competitor will do nothing.4. The competitor and the company will engage in a joint venture, increasing [both] their competitive score.Based on the above table, we can determine the probability of each of these scenarios. Scenarios 1 and 2 have known probabilities of 0.3 and 0.5, respectively. Scenario 4 has a known probability of q.
Thus, the probability of Scenario 3 (p) is:p = 1 - 0.3 - 0.5 - qp = 0.2 - qTo choose Strategy 4, we must find the maximum expected score for each strategy. We use the formula below to calculate the expected value for each strategy:
Expected value = Σ (Score * Probability) For example, the expected value of Strategy 1 is:(4*0.3) + (10*0.5) + (20*p) + (8*q) = 12 + 5 + 20p + 8q = 17 + 20p + 8qUsing the same formula, we can find the expected value of each strategy and compare them to find the maximum expected score.
Finally, we choose the strategy with the highest expected score, which is Strategy 4 if:p ≤ 0.125Therefore, if the probability of Scenario 3 is less than or equal to 0.125, Strategy 4 will be chosen.
Thus, the probability of Scenario 3 (p) must be less than or equal to 0.075, as follows:p = 0.2 - q≤ 0.075q ≥ 0.125
Therefore, the probability of Scenario 3 (p) must be less than or equal to 0.075 so that Strategy 4 is chosen.
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When network externalities are present, the market demand for the good in question becomes: A. less elastic. B. more elastic. C. unit elastic.
When network externalities are present, the market demand for the good in question becomes more elastic (Option B). Network externalities refer to the phenomenon where the value of a product or service increases as more people use it, creating a positive feedback loop. This leads to greater demand as the product's popularity grows.
A more elastic demand implies that a small change in price results in a larger change in the quantity demanded. In markets with network externalities, this is the case because consumers are more sensitive to price changes due to the perceived increased value of the product as more people adopt it. As the user base expands, the good becomes more desirable, and consumers are more likely to purchase the product even if the price increases slightly. On the other hand, less elastic demand (Option A) would indicate that consumers are less responsive to price changes, and unit elastic demand (Option C) implies that the percentage change in price and quantity demanded are equal. Neither of these options accurately reflects the behavior of consumers in markets with network externalities, where the increasing value of the good as more users adopt it leads to a more elastic demand.
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A SWOT analysis helps companies put a priority on market research.
O True
O False
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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7.
Why must private ownership of property be guaranteed before a free market economy will work?
The government will retain too much power if there is a guarantee.
Entrepreneurs need to be assured that they will benefit from a successful project.
Without such a guarantee, criminals can steal the profits from a good business.
Unemployment will be too high for the private ownership to work without the guarantee.
Answer:
I think it would be either B or C
I can't tell between those too I'm sorry
What types of information are found on a balance sheet ? (Select all that apply.)
total bank equity capital
total liabilities
interest expense
total assets
company A had an engineering job to be given to a subcontracting company. The subcontracting took the iob and a formal contract was signed between the two parties. While the project was ongoing. some technical diticulties faced by the subcontracting company forced the project to be stopped for a period of 1 month. Since the project was stalled for 1 month the company A couldn't complete the project, and couldn't deliver the project to the client. The client levied a fine on the contracting company. Company A asked for compensation for the delay of work by the subcontracting company wherein in the formal contract there is no mention that the fine can be levied on any delay of work. The two companies had a dispute and company A had refused to conclude the contract. Apply applicable two Bahrain contract laws in this scenario to have a dispute resolution and come up with an appropriate conclusion to the case
In Bahrain, the applicable laws for resolving contract disputes can include: Bahrain Commercial Companies Law: This law governs the formation and operation of commercial companies, including subcontracting companies.
Bahrain Civil Code: The Civil Code contains provisions related to contracts, obligations, and liabilities. It may cover aspects such as breach of contract, compensation for damages, and principles of contractual interpretation. In order to resolve the dispute and come to an appropriate conclusion, the parties involved can consider the following steps: Contractual Interpretation: Review the terms and conditions of the formal contract signed between the two parties to determine if there are any clauses or provisions that address the issue of compensation for delays or unforeseen circumstances. It is important to carefully examine the contract language to understand the rights and obligations of each party.
Negotiation and Mediation: The parties can attempt to negotiate a mutually acceptable resolution through direct discussions or mediation. Mediation involves the intervention of a neutral third party who facilitates communication and assists the parties in reaching a settlement.
Arbitration: If negotiation or mediation fails to resolve the dispute, the parties can consider arbitration. Bahrain has established the Bahrain Chamber for Dispute Resolution (BCDR-AAA) to handle commercial disputes through arbitration and other alternative dispute resolution mechanisms. Legal Action: If all other avenues fail, the parties can resort to legal action by filing a lawsuit in the appropriate Bahraini court. The court will consider the relevant contract laws and evidence presented by both parties to determine the outcome of the case. It is important to consult with a legal professional to understand the specific details of the case, review the contract terms, and receive advice tailored to the Bahraini legal system and circumstances involved.
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When an organization buys raw materials that are reprocessed and sold as finished goods, or if it buys a good it will then sell, then it is considered to be?.
When an organization purchases raw materials that are processed and then sold as completed items, or if it purchases a product that it will sell, it is regarded as an organizational buyer.
An organization is a group of people who work together cooperatively. Some examples are a business, neighborhood group, nonprofit organization, or union. The word "organization" can be used to refer to a team, a business, or a project's development process.
Individuals who represent a business are known as organizational buyers. These purchasers often take into account both their preferences as well as the likely preferences of the clients to whom the organizational buyer's business will sell while making purchases.
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The use of it to seamlessly exchange data, communicating requirements, and delivery expectations is best described as what?.
The use of IT to seamlessly exchange data is what is referred to as strategic alliance.
What is strategic alliance?
This is a type of alliance that is formed where two companies would decide to share their resources in order to undertake a joint project for mutual benefits.
These kinds of alliances are very important due to the fact that it helps to create access to global markets.
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Why are so many Americans quitting their jobs recently?
Multiple factors. A lot of states with elevated quits are states with higher-than-average c*ovid cases, but a lot of it is due to work market stress
Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.
Which questions should she consider before she buys the jacket? Check all that apply.
Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?
Answer: Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Explanation:
The questions that she should consider before she buys the jacket include:
• Is advertising influencing her?
• What are her motivations?
• Has she compared prices?
• Is she buying at the right time?
Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.
Answer:
A, B, C, D
Explanation:
edge2021
Dexter has recently joined an organization. His trainer, ken asks dexter to follow certain processes to complete his work faster. Dexter follows the processes without questioning ken. Which one of Aristotle's elements of good communication is being exemplified in the communication between dexter and ken?
Answer:
Ethos
Explanation:
Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.
This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.
Ken's position as Dexter's trainers makes allows his credibility to Ken.
Answer:
Ethos
Explanation:
Answered it right on edmentum
Midyear on july 31st, the chester corporation's balance sheet reported: total assets of $124.287 million total common stock of $3.810 million cash of $6.030 million retained earnings of $26.732 million. what were the chester corporation's total liabilitie
The total liabilities of the Chester corporations as on July 31st will be $99,775.
What are total liabilities?
The amount of payments which are yet to be made, but are accrued by the receiver. The total liabilities are the calculation of total assets less equities and capitals of such firm.
Using the given information in the formula below, we get,
\(\rm Total\ Liabilities\ = Total\ Assets\ -\ Total\ Equities\\\\\rm Total\ Liabilities\ = 130317\ -\ 30542\\\\\rm Total\ Liabilities\ =\$99,775\)
Thus, the total liabilities of Chester Corporation is computed as $99,775.
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Which of the following are characteristics of hard money? i. donations from individuals and interest group pacs ii. regulated by the federal election commission iii. goes directly to a political candidate iv. can be used for advertising or other campaign expenses a. i, ii, iii, and iv b. i and ii only c. i, iii, and iv only d. ii, iii, and iv only please select the best answer from the choices provided a b c d
The characteristics of hard money include donations from individuals and interest group PAC'S, and they are regulated by the Federal Election Commission.
What is hard money?Hard money and soft money are often used to describe the type of currency and also refer to political currency in the United States.
These two combined factors are the definition of what is considered "hard money" in politics.
Hard money is separated from soft cash, because the latter comes from a donation that can be controlled by the Federal Election Commission.
Thus, the correct answer is option B.
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As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
the financial support that a company provides for an event in order to promote the company's products is called
The financial support that a company provides for an event in order to promote the company's products is called sponsorship.
Sponsorship is a common marketing strategy used by companies to increase brand awareness, generate sales, and improve their reputation. In exchange for their financial support, sponsors are typically given various promotional opportunities such as branding on event materials, speaking opportunities, and product demonstrations.
Sponsorship can be beneficial for both the company and the event organizer as it provides financial support for the event while also giving the company exposure to a new audience. The success of a sponsorship largely depends on the fit between the company and the event, as well as the marketing strategies used to promote the sponsorship.
Companies may sponsor a wide range of events including sports events, concerts, festivals, and charitable events.
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The financial support that a company provides for an event in order to promote the company's products is called "event sponsorship."
Event sponsorship is a marketing strategy in which a company provides financial or other support for an event, such as a sports tournament, concert, or conference, in exchange for exposure and promotion of its brand or products.
Event sponsorship can take many forms, such as providing funding for the event, donating products or services, or offering prizes or giveaways to event attendees. In return, the sponsoring company may receive prominent branding and advertising opportunities, such as having its logo displayed on banners, promotional materials, or merchandise related to the event.
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list and explain the types of
automatic feeders
please will give brainliest to urgent answers
Answer:
Six Types of Feeder Systems for Automated Assembly
Step feeder: used to feed small cylindrical or spherical parts.
Elevator feeder: able to feed simple parts at varying rates.
Flex feeder: uses vision-guided robots for part selection.
Linear feeder: the system uses vibrations to move parts.
Centrifugal feeder: a modular feeder that is adaptable for different parts.
Advertisers are often supportive of voluntary self-regulation because:
A. self-regulation is viewed as a way of limiting government interference of advertising.
B. all clients and agencies are affected by voluntary self-regulation.
C. self-regulation does not require interaction between agency and client.
D. self-regulation results in even more stringent regulations than state and federal agencies want.
E. it is simple and less time consuming.
A. self-regulation is viewed as a way of limiting government interference of advertising. Advertisers are often supportive of voluntary self-regulation because it allows them to regulate their industry practices without direct intervention from government agencies.
By implementing self-regulatory measures, advertisers can demonstrate their commitment to responsible advertising practices and preempt potential government regulations.
This approach is seen as a means of maintaining autonomy and avoiding more intrusive regulatory actions.
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a $5,000 1 week 100 percent complete, $4,000 b $8,500 1 week 100 percent complete, $8,500 c $15,000 2 weeks 100 percent complete, $14,000 d $10,000 2 weeks 50 percent complete, $9,000 e $12,000 3 weeks 50 percent complete, $12,000 brewer, jeffrey l.; dittman, kevin c.. methods of it project management (p. 625). purdue university press. kindle edition.
The given information represents a list of IT projects along with their duration, completion percentage, and costs. Let's break down the information to understand it better:
$5,000, 1 week, 100% complete. This project cost $5,000 and was completed within 1 week. It is marked as 100% complete. $8,500, 1 week, 100% complete.This project cost $8,500 and was also completed within 1 week. It is also marked as 100% complete.$15,000, 2 weeks, 100% complete.This project cost $15,000 and took 2 weeks to complete. It is marked as 100% complete. $10,000, 2 weeks, 50% complete. This project cost $10,000 and had a duration of 2 weeks.
However, it was only 50% complete. $12,000, 3 weeks, 50% complete.This project cost $12,000 and lasted for 3 weeks. Similar to the previous project, it was also only 50% complete.These details provide information about the costs, durations, and completion percentages of different IT projects. It seems like the completion percentages are indicating the progress made towards finishing each project. The costs mentioned are the total expenses associated with each project.
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jake comes across a problem at work. he can identify the problem and its cause. which step should he take next in the problem solving process? a. choose a solution b. find an expert who can suggest solutions c. implement a solution d. evaluate various alternatives
Jake should take the next step in the problem-solving process by evaluating various alternatives. This means that he should consider different ways of solving the problem and its causes.
He should assess the pros and cons of each alternative, as well as the costs and benefits of each option. After coming up with the best course of action, he should seek out an expert who can provide him with further advice and guidance on how best to go about implementing the solution. Finally, he should put his chosen solution into practice and monitor its effects. This will allow him to determine if the solution is really effective and if any adjustments need to be made.
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In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.
Answer:
I dont know how this works but did u try 30
Explanation:
I thing bc your saying increase your adding on to soo yeah....
An excerpt of an introduction of a cover letter about an opening at Green Acres Community Center. Which type of cover letter would the above excerpt come from? a. Prospecting cover letter b. Networking cover letter c. Application cover letter d. Follow up cover letter Please select the best answer from the choices provided A B C D.
Based on the provided options, the type of cover letter that the above excerpt would come from is the c. Application cover letter.
The excerpt mentioned in the question is an introduction to a cover letter about an opening at Green Acres Community Center. An application cover letter is typically used when applying for a specific job opening. It introduces the applicant and expresses their interest in the position, mentioning the specific company or organization and the job they are applying for.
In this case, the excerpt mentions the opening at Green Acres Community Center, indicating that it is an application cover letter tailored to that particular job opportunity.
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If a business is owned by many people, it is called a _____ . A. sole proprietorship. B. corporation. C. limited liability company. D. partnership
Answer:
bbb
Explanation:
When a business is owned by many people, then such a kind of business will be termed as corporation. Hence, Option B is correct.
What is a business?A business is a term which is used to denote the kind of activity that makes a person engaged and so that they can earn money to provide support to their family as well as themselves.
In terms of the monetary sector, with the help of this , they will continue in a smooth and efficient manner. With the help of business, one can earn that much money through which they can move towards master status.
When a person runs a kind of business there, apart from him, many other people will also become owners. It will be referred to as a corporation.
Therefore, Option B is correct.
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International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world?
Answer:
China&the U.S.
Explanation:
These two countries are lead producers and importers. You lift the tag of your favorite sweatshirt and see Made in China. The U.S. does'nt produce as much goods, but importing is a big U.S. sideline business. The U.S. imports alot of goods worlwide. From The Indies to The Middle East, the U.S. is a lead importer.
why were the galรกpagos islands so important to darwin's formulation of natural selection?
The Galápagos Islands were important to Darwin's formulation of natural selection because they provided him with crucial observations.
During his visit to the Galápagos Islands in 1835 as part of his voyage on HMS Beagle, Darwin observed distinct variations in the characteristics of species among different islands. These variations included differences in the beak shapes of finches, the shell patterns of tortoises, and the behavior of mockingbirds. These observations challenged the prevailing belief in fixed species and provided evidence that species could change and adapt over time.
Darwin realized that the unique environment and isolation of the Galápagos Islands played a significant role in shaping the characteristics of the species found there. He observed that each island had different ecological conditions, such as variations in food sources and climate. These conditions led to natural selection favoring individuals with traits that were advantageous for their specific environment. Over time, these advantageous traits became more prevalent in the populations of each island, leading to speciation.
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