illustrate opportunity cost? * a) If I study I must give up my sport and hobbies. b) If I purchase a new computer I must give up spoiling myself with “goodies”. c) The more I spend now the more I will be likely to spend in the future. d) If I spend more on my car the less I will have to spend on other luxuries. Q3 The opportunity cost of going to university is a) the money spent at university including all fees * b) the benefit gained from having a
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4. Organisation background Inkwell Limited is a manufacturer of re-cycle inkjet and laser toner printer cartridges. Inkwell Limited printer cartridge is widely applicable. The main commercial focus is on strong retail market that demand cheaper and greener products Inkwell Ltd has a couple of small main suppliers that produce 4.1 Inkwell Limited is a limited company‚ established in 2003. The head office and
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RUNNING HEAD: Internal Control for Inflows Internal Control for Inflows ACC/ 544 Internal Control for Inflows Internal controls are important to a business. The internal controls provide a safeguard against errors in the accounting system as well as the detection and prevention of fraud. With the inflows of the company come many risks that need to be considered. The ways in which cash‚ sales‚ accounts receivable‚ inventory‚ and production are handled within the company are different for
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Answer: A Diff: 1 Page Ref: 8 Chapter: 1 Skill: Concept 4) Most small and medium-sized enterprises (SMEs) are ________. A) competing only on the local level due to technological and financial constraints B) investing heavily in world markets by offshoring their labor activities C) contributing to their national economies through exporting D) attempting to avoid becoming globalized too quickly Answer: C Diff: 3 Page Ref: 10 Chapter: 1 Skill: Concept
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store managers being responsible for hiring as well as managing people issues at their locations. Training generally takes place at the store level as well‚ which has led to wide variances in the way that the stores are operated. Compensation and benefits administration is typically handled by region‚ with each of the three carrying on their legacy programs to a large degree (Franklin University‚ 2012). One source of competitive advantage for GC3 is their value proposition. Since GC3 was established
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different approvals‚ usually built upon moral preference. Mill is able to categorize every human license into exist internal and external sanctions‚ and believes that it is possible to change your moral selection. External sanctions exist outside of the individual‚ independent of his mind. They may take the form of peer pressure‚ the fear of disapproval‚ or the fear of god. Internal sanctions stem from one’s conscience. These consist of feelings like discomfort or joy when one realizes the consequences
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Internal Control Evaluation Every business should take the steps necessary to ensure that its internal controls are functioning effectively and efficiently. It is important to have accountability at every level of a business. Creating a checklist to evaluate internal controls will support the business in this effort. According to Louwers‚ Ramsay‚ Sinason and Stawser (2007)‚ an internal control questionnaire aide an auditor in gathering evidence about the control environment and accounting and
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to see success and expansion‚ Baton Construction has held true to its promise of providing stability and equal benefits to employees‚ thereby beating any odds of seeing high turnover and has been able to retain its satisfied employees. Though‚ with all of the positives that come with the rapid growth of our company‚ there is one area of concern‚ in particular‚ that I will address within this proposal‚ and that is employee absenteeism. There is a connection between efficiency or productivity and
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Article-Sox Institute 12/2008 The Essence of Internal Control A statement on policy and procedures issues as they relate to managements views and /or findings with regard to OMB A-123 audits. Writing position papers on justification of actions taken has raised some questions about control. There seems to be a shift in the mind set of managers now that Section 404 of Sox’s (documentation) has really kicked in with compliance performance of the financial managers responsibility or in others words
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Recommendation for an Internal Accountant Recommendation for an Internal Accountant Internal Auditing is an independent‚ objective assurance and consulting activity designed to add value and improve an organization’s operations (What is internal auditing?‚ 2010). Internal accounting control is a series of procedures designed to promote and protect sound management practices‚ both general and financial that will increase the likelihood that: * Financial information is reliable‚ so that managers
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