Segregate duties internal control principle is being followed. Separation of Duties (SOD) is a fundamental component of internal company controls and long-term risk management.
The foundation of the SOD concept is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments. Separating roles ensures oversight and evaluation to spot mistakes, which serves two important duties.
Due to the fact that it takes two people to conspire to conceal a transaction, it aids in preventing fraud and theft. Segregation of duties SOD is the name given to this idea. The administrator must settle all disputes.
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on april 1, the company hired an attorney for april for a flat fee of $2,500. payment for april legal services was made by the company on may 12. prepare the required adjusting entry, if any.
Dr. Legal service cost $3,500 on April 30; Cr. Legal service was due $3,500.
May 12: $3,500 in cash and $3,500 in legal fees for the doctor
What is the Government Legal Service responsible for?We serve as the main legal advisors to the government. In addition to representing the government in court, we offer legal counsel on the formulation, creation, and execution of governmental policies and decisions.
Some lawyers offer free 30-minute legal consultations. Some provide a fixed charge, so you can budget for the guidance in advance. To find out if a lawyer offers a set price or a free half-hour, call their office. You may learn more about your rights and legal situation during a free or fixed-fee consultation.
An attorney who serves in one of the government's branches is known as a government attorney.
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go to the st. louis federal reserve fred database and find data on currency (currsl), demand deposits (demdepsl), and other liquid deposits (mdlm). calculate the m1 money supply, and calculate the percentage change in m1 and in each of the three components of m1 from the most recent month of data available to the same time one year prior. which component has the highest growth rate? the lowest growth rate?
Wallis and Futuna Islands would have the lowest growth rate of -1.35%. Apart from Wallis and Futuna Islands, the Population of Lithuania, Puerto Rico, and Latvia would decline by above 1 %. Nagaland recorded the lowest growth rate of -0.5 percent.
000-500/100,000 = 500/100,000 = 0.005, or 0.5% net growth. Thus, this population would be growing by 0.5% this first year. That means that after one year, there will be 500 more. individuals than the previous year.
The growth rate of a value (GDP, turnover, wages, etc.) measures its change from one period to another (month, quarter, year). It is very generally expressed as a percentage.
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larry is a tax accountant and sheila is a hairdresser. larry prepares sheila's tax return for free and sheila agrees to style larry's hair six times for free in return for the tax return. the value of the tax return is approximately $300 and the hair styling work is approximately $300. a. how much of the $300 is includable income to larry? is income to larry because there gross income exception in the tax law for "barter" income. b. how much, if any, of the $300 is includable income to sheila?
a) $300 is income to Larry because there is no gross income exception in the tax law for "barter" income
b) $300 is includable income to Sheila
(A) Larry will be liable for paying taxes on the whole $300. Gross income is defined under tax law as all profits from all sources. As a result, the amount of hair styling labor received in exchange for the service will be equivalent to Sheila's taxable income. There is no mention of an exception to the law's exclusion of barter revenue.
(b) Sheila will be liable for paying taxes on the whole $300. Gross income is defined under tax law as all profits from all sources. Since Sheila provided Larry with her hairstyling skills, the amount of the tax return will be seen as Sheila's equal income. The legislation does not provide any exceptions to the exclusion of barter revenue.
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What does it mean to act ethically?
Answer:Business ethics is the implementation of policies and procedures regarding topics such as fraud, bribery, discrimination, and corporate governance.
Explanation:
By definition, business ethics refers to the standards for morally right and wrong conduct in business. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. Business ethics enhances the law by outlining acceptable behaviors beyond government control.
A business ________ is a logically related set of activities that defines how specific business tasks are performed.
A business process is a logically related set of activities that defines how specific business tasks are performed.
What is a business process?A business process is a series of steps performed by a group of stakeholders to achieve a concrete goal. Each step in a business process denotes a task that is assigned to a participant. It is the fundamental building block for several related ideas such as business process management, process automation, etc.While there’s a deluge of things written and said about business process management, it’s essential to understand why they are so important to your business.To learn more about business process, refer: https://brainly.com/question/14979506?referrer=searchResults
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Compound interest is interest charged on:
A. an annual basis
B. the revolving debt only
C. the principal and the interest that accrues
D. the principle only
Answer: im pretty sure its c !
Explanation: Compound interest on a loan or deposit accrues on both the initial principal and the accumulated interest earned
on june 1, cline co. paid $1,069,000 cash for all of the issued and outstanding common stock of renn corp. the carrying amounts for renn’s assets and liabilities on june 1 follow:
Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.
The answer is $208000.
Goodwill Calculation
Consideration paid 1069000
Less:
Cash 209000
Accounts Receivable 218000
Capitalized software cost 337000
Liabilities (143000)
In-process research and development 240000
Goodwill 208000
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the stock of flop industries is trading at $47. you feel the stock price will decline, so you short 900 shares at an initial margin of 80 percent. if the maintenance margin is 40 percent, at what share price will you receive a margin call?
You will receive a margin call at a share price of $60.43 if the maintenance margin is 40%.
Margin Call Price = (Sales Proceeds + Initial Deposit) / [Number of Shares × (1 + Maintenance Margin)]
Proceeds from short sale = 900 × $47 = $42,300
Initial deposit = $42,300 (.80) = $33,840
Account value = $42,300 + $33,840 = $76,140
Margin call price = $76,140 / [900 × (1+.40)] = $60.43
What Is the Maintenance Margin?Maintenance margin, or the minimum equity an investor must maintain in a margin account after a purchase has been made, is required to be established at 25% of the entire value of the assets in the account by the Financial Industry Regulatory Authority (FINRA).
What is a maintenance margin call, exactly?When a margin call is issued by a broker, the investor is asked to increase the amount of money or securities in their account to bring it up to the Maintenance margin, which is the minimum amount that must be maintained to prevent a loss.
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The __________ strategy, such as mcdonald’s, includes creation of a product in the home country, but then relies on foreign personnel to assist with remote marketing and sales.
The franchiser strategy, such as mcdonald’s, includes creation of a product in the home country, but then relies on foreign personnel to assist with remote marketing and sales.
What is franchising?Franchising is an established business expansion strategy that has proven to deliver rapid growth – with arguably reduced risk. Some stellar examples include MacDonald’s, Singer and Coca Cola.More recent successful exponents of this model include:Typically, a franchising company (a ‘franchisor’) licenses its Trademarks, Copyright, know how and established business model to ‘franchisees’. These franchisees adopt that business model, including the brand and then operate in new markets. The franchisor’s business model changes subtly to a “support” rather than “operational “ model and market share, brand recognition, and revenues grow as a result.To learn more about franchise, refer: https://brainly.com/question/14034124?referrer=searchResults
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Porter is visiting india and would like to purchase some local spices. he finds some spices that cost 452.95 rupees. if the current exchange rate is 1 dollar:73.6500 rupees, how much do the spices cost in u.s. dollars? $0.06 $16.26 $33,359.77 $6.15
The cost of the spices in U.S. dollars is $6.15
What is exchange rate?
The exchange rate of one currency in respect of another is the amount of the local currency that exchanges hands for 1 unit of the foreign currency, in other words, the exchange rate of the Rupees in this case, is 73.6500 rupees equal $1, we need to determine the cost of the spices whose rupee price 452.95 rupees in this dollars
73.6500 rupees=$1
452.95 rupees= 452.95/73.6500*$1
452.95 rupees=$6.15
The cost of the spices in dollars is $6.15, hence, the last option is the most appropriate cost of the spices when converted to the dollars.
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Two customers purchased $500 of merchandise from the same store on account. The terms of both sales were 2/10, n/30. If the first customer paid in 8 days and the second customer paid in 12 days, what would be the difference in the merchandise company’s records on the date the customers paid in full?.
The Cash entry for the first customer would be $490, and the Cash entry for the second customer would be $500.
Because the first customer paid within 10 days, they would receive a 2% discount on their purchase. Therefore, their total purchase would be $500 * 0.98 = $490 paid in cash with a Sales Discount of $10. The second customer did not pay within 10 days. Therefore, they must pay the full amount of $500.
The AR Turnover Ratio is calculated by dividing net sales by average account receivables. Net sales are calculated as sales on credit - sales returns - sales allowances.
Turnover rate is calculated by taking the number of separations during a month divided by the average number of employees, multiplied by 100: Turnover Rate = # of Separations / Avg. # of Employees x 100.
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What arguments would support unitech's focus on technical skills among first-line supervisors? what arguments could be made against that focus? what are the pros and cons of periodically sending top managernent out to work alongside non-management employees? what arguments would support unitech's focus on technical skills among first-line supervisors? what arguments could be made against that focus? what are the pros and cons of periodically sending top managernent out to work alongside non-management employees?
Make a list of the arguments that favor unitech's emphasis on technical proficiency among first-line supervisors, along with its advantages and disadvantages.
First off, we should note that an argumentative speech is an argument that draws on knowledge and facts concerning a certain subject. Therefore, you should include both the advantages and disadvantages of your argument in your speech. The correct response would therefore be to "create a list of pros and disadvantages about the claim."
An argumentative speech persuades the audience to support the speaker's position, and the speaker typically addresses a subject they are passionate about. The speaker presents a specific claim before addressing arguments in favor of the assertion. The audience should be aware of the action that should or should not be taken at the conclusion of the speech and why.
Argumentative speeches frequently address trending issues and challenge the audience's preconceived notions. The speaker presents a clear problem at the outset of the speech, then proceeds on to demonstrate evidence of that problem before presenting a remedy in the body of the speech.
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Consider the market for coffee. For each of the following scenarios, what would happen to total revenue after the price increases? place each scenario in the correct category.
After the price increase, the total revenue will increase.
Scenario that increasing total revenue (i) Coffee drinkers say there is no substitute.
(ii) Brazil has a drought, and (v) Leaf rust damages one-third of the world's coffee crop. Which scenario that decreasing total revenue (iii) Coffee drinkers decide to save their money for alcohol on Friday nights and (iv) Coffee drinkers discover a flavor of tea that tastes like coffee.
Many novice entrepreneurs confuse pricing for a product or service with the importance of pricing. Because the price is the sacrifice that must be made to get something. So that price fixing is the determination or consideration of entrepreneurs in offering the final price for product or service transactions that will be traded in the business world.
Pricing plays an important role in generating selling prices, because setting prices will reduce risk and provide benefits. One of the important goals of entrepreneurs in setting prices is to achieve the company's desired target, the price offered is stable to attract buyers from business competition and be able to dominate market share.
Pricing is required when setting the selling price, so pricing will be taken into consideration. The considerations needed are considerations to prevent business competitors, maintain market price stability, increase sales volume, and generate maximum sales profit. So that pricing is needed and plays an important role in determining the selling price and carrying out the company's operational activities.
For each of the following scenarios, what would happen to total revenue after a price increase?
Give each scenario in the correct category: Increase total revenue or Decrease total revenue.
(i) Coffee drinkers say there is no substitute.
(ii) Brazil has a drought.
(iii) Coffee drinkers decide to save their money for alcohol on Friday nights.
(iv) Coffee drinkers discover a flavor of tea that tastes like coffee.
(v) Leaf rust damages one-third of the world's coffee crop.
Place each scenario in the correct category.
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explain whether each of the following events represents (i) a change in supply or (ii) a movement along the supply curve. (be sure to label each part of your answer). a) during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b) many strawberry farmers open temporary roadside stands during harvest season, even though the price s are usually low at that time. c) immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d) many construction workers temporarily move to areas that have suffered hurricane damage, lured by the higher wages. e) since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins at lower prices, than before.
Option A: The quantity of houses supplied rises as a result of an increase in prices. This is a movement along the supply curve.
New houses are supplied by construction firms and are bought by families willing to live in a new house. Houses are also bought by property owners who wish to sell the same house at a higher price in future. A market supply curve determines the supply of houses in response to the demand for the one.
According to a law of demand, as the prices of housing decrease, the quantity demanded increases and vice-versa. This implies that as the housing price decreases, more of the families think that they can afford to buy new houses and thus the quantity demanded increases.
On the contrary, the market supply curve determines that when the price for housing increases, the supply rate too increases. More firms decide to enter the market and thus buy new houses to sell them.
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a business is concerned with many day-to-day activities. some of the most important of these activities are the planning and development of a product, its pricing policy, and the distribution strategy. these activities are all a part of: group of answer choices a control system marketing accounting production
Marketing deals with price, product, place, and promotion that are related to the activities mentioned.
Marketing refers to promoting a product or service or brand. It is the process that creates value and the needs, wants, and desires of customers are fulfilled. So, conception, pricing, promotion, and distribution of ideas, goods, and services are planned and executed in marketing so that it can satisfy the customers and help the organization achieve its objectives.Marketing is important because it makes the business create an impression in people's minds and build a long-lasting relationship with the customer. It helps in communicating the value proposition to the customers. It helps to sell the company's products or services and ensure that the business grows.Know more about marketing:
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economists make economic predictions using:educated guesses based solely on their opinion.data about the economy from the past.information only about other nations.
Economists make economic predictions using data about the economy from the past.
Who are called Economists?A professional and practitioner in the social science field of economics is called an economist. The person may also research, create, and use economic theories and concepts, as well as write about economic policy.Economic forecasting is the method by which economists make forecasts. To do this, they employ a variety of techniques and mathematical models to create graphs and variations that anticipate the economy of a specific business or government for a specific period of time while keeping in mind the historical data. Economic history and the current situation make it simple for economists to forecast the future.Learn more about Economists here:
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an account is governed by compound interest. the interest for three years on $402.00 is $55.00. find the amount of discount for two years on $1,000.00 .
Almost always used in the amount of discount phrase to anything or amount to something, which both mean the same thing. He got arrested so much as a teenager that I never thought he would amount to anything, but look at him now he's an accomplished musician.
Also, due values
522 = 470( Hr) > r= 222
= 1906383 +70
7 WY = Frit06383
2 47 = 16035597423
> v= 10386-4
> y= 00354
Tutoert hate, Y= 0-03S6X
Aus, wih: hg oe i hee oe
low
ToD
o) Discounted Presut value =
Lovo
(Grease)
U0356)*
1000
1-0424-6736
= G32.42931
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amazon uses robots to help move merchandise through their warehouses and get that merchandise to customers faster. what should amazon expect as a result of using these robots? check all that apply.
In many of its fulfilment centres, where people and robots coexist peacefully to deliver items to customers on schedule, Amazon is offering a look into the future.
Worldwide, Amazon has 175 fulfilment facilities. 26 of them involve a collaborative effort between humans and robots to choose, sort, carry, and store parcels. While it's true that robotic automation has replaced some tasks
Why do businesses do process analyses?Make sure to measure the labour cost and average time required to complete your processes because the ultimate purpose of workflow analysis is to save a business time and money. With the use of this information, you can monitor advancements, spot slowdowns, and resolve them before they turn into problems.
By removing pointless actions (and the expenses associated with doing those tasks) and automating the process's remaining steps, workflow management aims to simplify the components of various office systems.
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To start work every day, saura sits down and sets her goals for the day and then she decides how to achieve them, formulating future courses of action to achieve the specified results. This is the definition of planning.
It is true planning definition is that before starting work each day, Saura sits down and determines her goals for the day. She then decides how to get there, creating future plans of action to accomplish the desired outcomes.
Setting up objectives, actions, and protocols to carry out, oversee, and regulate the tasks necessary to attain the objectives is the definition of planning.
Setting or detailing goals and the most effective ways to reach them is planning. To accomplish a set of goals or objectives, this is the first action that needs to be taken.
The core task of management is planning, which is determining in advance what has to be done, when, how, and by whom. It is an intellectual process that identifies the goals of an organization and creates numerous plans of action for achieving those goals. It outlines precisely how to accomplish a certain objective.
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Paying by check helps a business to control cash when the ______. (select all that apply.)
Paying by check helps a business control cash when the: manager studies the documents supporting the payment before signing the check and checks are pre-numbered and written sequentially. Options A and C
This is further explained below.
What is business?Generally, An organization or entrepreneurial body that engages in commercial, industrial, or professional activity is what we mean when we talk about "doing business."
Both for-profit and non-profit groups may operate under the business umbrella. There are many different kinds of businesses, such as sole proprietorships, partnerships, corporations, and limited liability companies (LLCs).
Payment is the voluntary tender of cash or its equal or of objects of value by one party to another in return for goods or services given by them or to meet a legal duty.
Payments may also be made in order to fulfill a legal requirement. It is standard practice to refer to the party that is making the payment as the payer, while the party that is receiving the money as the payee.
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CQ
Paying by check helps a business to control cash when the ______. (Check all that apply.)
a. manager studies the documents supporting the payment before signing the check
b. checks are deposited only at the company's bank
c. checks are pre-numbered and written sequentially
Which stage in the consumer decision process comes immediately after need recognition?.
The stage in the consumer decision process that comes immediately after need recognition is the Search for information.
What is the significance of the consumer decision process?The consumer decision process plays a significant role in marketing planning.It enables organizations to make predictions about customer preferences to develop marketing and sales strategies based on their needs.
Consumers more use internal and external elements to explore their selections during the information-seeking stage. They could look at alternatives in person or check internet sources.
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in the solow growth model, two economies are identical except for their initial stock of capital (????). in the long run the ratio of their per capita gdp is . in the romer model, two economies are identical expect for their initial stock of knowledge (????). in the long run the ratio of their per capita gdp is . a. infinite; one d. one; constant b. one; zero e. constant; infinite c. zero; one
The Solow Growth Model, an exogenous model of economic increase, examines changes in an economy's output level over time as a result of variations in the rates of population growth, savings growth, and technological advancement.
The Solow Growth Model is what, exactly?The Solow Growth Model is an exogenous economic growth model that examines changes in an economy's output level over time as a result of changes in the population growth rate, the savings rate, and the pace of technological advancement.
The Keynesian Harrod-Domar model served as the foundation for the first neoclassical growth model, the Solow Growth Model, which was created by Nobel Prize-winning economist Robert Solow. Modern theories of economic growth are built on the Solow model.
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General admission to the state fair of texas is $16.00. for guests to ride the various rides, they must use coupons that cost $0.50 each. the number of coupons needed for each ride varies. the representative function for the situation is c(x) = 0.5x 16, where c(x) represents total cost as a function of the number of coupons, x. what is the domain for visiting and riding rides at the state fair of texas?
The domain for visiting and riding rides at the Texas state fair is All integers greater than or equal to 16.
When studying a function, which is a relation that maps each member in the origin region or domain with exactly one member in the friend region or codomain.
The origin or domain of a function is a set whose members are possible inputs to the function. In other words, the members in the domain of the function are inputs to the function that result in the function having a value or being defined.
If x and y are related by the equation y=f(x), then the set of all values of x that satisfy for the function y = f(x) to exist or be defined is called the domain. The set of y values generated for every x that satisfies is called the result area (range).
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At what stage of the target market selection process is the marketer first likely to uncover information that makes a segment less attractive than previously thought?.
Evaluate relevant market Segment is the stage of the target market selection process where the marketer is first likely to uncover information that makes a segment less attractive than previously thought.
What are the steps in the Target Market Selection Process?Identify an Appropriate Targeting Strategy.Determine the Segmentation Variables are to be used.Develop appropriate Market Segment ProfilesEvaluate the most Relevant Market Segments.Select those Specific Target Markets.Developing the Sales Forecast.Evaluate relevant market Segment is the stage of the target market selection process where the marketer is first likely to uncover information that makes a segment less attractive than previously thought.
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The equilibrium price and quantity in a market usually produce allocative efficiency because.
Equilibrium prices and quantities in the market usually guarantee distribution efficiency. Because the marginal benefit and marginal cost are the same at that point. Allocation efficiency refers to the production of the set of products most demanded by society.
Equilibrium is defined as a state of equilibrium or a stable situation in which opposing forces are in balance with each other and no change occurs. An example of equilibrium is an economy when supply and demand are equal. An example of balance is when you are calm and stable.
There are three types of equilibrium: stable, unstable, and neutral. The pictures in this module show various examples. Balance is key to creating both a balanced and efficient market. If the market is in equilibrium between price and quantity, then there is no reason for the market to move away from that point because quantity supplied and quantity demanded are in equilibrium.
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The journal entry to record $1600 of direct labor and $350 of indirect labor incurred will include debit(s) to the ________. group of answer choices
The journal entry to record $1600 of direct labor and $350 of indirect labor incurred will include debit(s) to the Work-in-process inventory account for $1,600 and manufacturing overhead account for $350 .
What is meant by Inventory account ?
The area of accounting known as inventory accounting is concerned with valuing and recording changes to inventoried assets. Three production stages are commonly represented in a company's inventory: raw materials, works-in-progress, and finished products that are available for sale. Assigning values to the items used in each of these three procedures will allow inventory accounting to record them as corporate assets. Assets must be precisely evaluated in order for the company to have a precise valuation because they are goods that are likely to have future value to the business.
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"when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding"
When an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding Existence.
What exactly is an auditor's review?The goal of an independent auditor's financial "review" is to evaluate the charity's financial statements and assess if they are compatible with generally accepted accounting rules.
Although each audit is unique, the audit process for most engagements is similar and typically consists of four stages: planning (also known as survey or preliminary review), field, audit report, and follow-up review. Client participation is essential at all stages of the audit.
The audit work is reviewed to verify that the work done supports the findings reached, that the evidence acquired is adequate and appropriate to support the audit conclusions and conclusions, and that the audit work is properly documented.
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Employees that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed. the best tool for displaying the route these forms take is a?
As Employees that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed, the best tool for displaying the route these forms take is a process map.
What is a process map?This kind of map allows its creators (such as an employees) to visualize the projects end to end and confirm all of the necessary elements of the processes are accounted for in the project. Normally, when we are launching a new system, the process flow maps outline how the new system integrates with existing workflow.
Therefore, if any workers that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed, the best tool for displaying the route these forms take is a process map.
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you have taken a job with a software user who has contracted your previous employer to develop a system for them. you discover that your company’s interpretation of the requirements is different from the interpretation taken by your previous employer. discuss what you should do in such a situation. you know that the costs to your current employer will increase if the ambiguities are not resolved. however, you have also a responsibility of confidentiality to your previous employer.
For TEH construction purpose Clearly defining both functional and nonfunctional requirements in software engineering projects is important from both a business perspective.
What information about an employer is private?Employer Confidential Information is any information that the Executive is aware to be trade secrets or proprietary information owned by the Employer, as well as any other confidential financial data, operating budgets, strategic plans, or research techniques, as well as personnel data, projects, or plans.
What information may a former employer reveal?Employers are legally permitted to disclose any honest information about your prior work performance in the majority of states. The good news is that most companies won't do it since there's a chance you'll file a defamation lawsuit, which would be expensive to defend.
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Consider the market for chicken. assuming that chicken and beef are substitutes, an increase in the price of beef will:______.
Consider the market for chicken. assuming that chicken and beef are substitutes, an increase in the price of beef will increase the number of people who want chicken, which causes the price of chicken to rise as well as the number of chickens that are bought at the market.
This is further explained below.
What is the market?Generally, A market is a location where buyers and sellers may gather in order to make the process of exchanging or transacting products and services more efficient.
Markets may either be physically present, such as a retail establishment or virtually present, such as an online merchant. Illicit markets, auction markets, and financial markets are three other types of marketplaces.
A price is the amount of money or other kinds of remuneration that one party offers to another in exchange for the provision of products or services.
There are various contexts in which a different term is used to refer to the cost of manufacturing.
If the item is considered a "good" in the context of the business transaction, the term "price" will most often be used to refer to the amount of money paid for it.
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CQ
Consider the market for chicken. An increase in the price of beef will
a. decrease the demand for chicken, resulting in a lower price and a smaller amount of chicken purchased in the market.
b. decrease the supply of chicken, resulting in a higher price and a smaller amount of chicken purchased in the market.
c. increase the demand for chicken, resulting in a higher price and a greater amount of chicken purchased in the market.
d. increase the supply of chicken, resulting in a lower price and a greater amount of chicken purchased in the market.