An integrated audit performed under the Sarbanes-Oxley Act requires that auditors provide opinions on financial statements and internal control.
An integrated audit tends to consider the relationship between financial and operational controls and also the information technology in establishing an effective and efficient internal control environment.
Since the Sarbanes-Oxley Act came into effect, management is thus responsible for maintaining, establishing, and reporting on an internal control structure, and here the auditors are required in order to assess the internal control structure.
Hence, the objective of an integrated audit is for the auditors to express an opinion on the company’s controls on financial reporting.
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what method of manufacturing, introduced in the early 1800s, made mass production possible? the use of interchangeable parts the use of hand-crafted products
The method of manufacturing that made mass production in the early 1800s possible was the implementation of interchangeable assembly parts leading up to the moving assembly line for large scale production
The Americans liked the idea of manufacture of interchangeable gun parts that was originally an innovation from France who did not go on with the innovation so the Americans became independent in artillery manufacture and so promoted interchangeable parts in their own industries.
Although assembly line techniques had been developed as early as the twelfth century in Venice, the implementation of interchangeable parts allowed American industry to expand on the idea and build huge high-output factories.
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Implementing the strategy is often overlooked by senior managers especially in large organizations. What level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals?.
Functional managers are level of manager is often responsible for making sure the strategy gets implemented in alignment with the corporate goals.
What are the responsibility of functional manager ?In general, a functional manager oversees the technical work of team members from that functional area who are performing on the project. They manage and own the resources during a particular department, like IT, engineering, PR , or marketing. decisions regarding the long-term allocation of a company's financial resources to activities.
Capital budgeting is that the process a business employs to evaluate potential large projects or investments. Capital budgeting is required before a project is approved or rejected. Such initiatives can involve building a replacement facility or making a size able investment in a different company.
Capital assets are often long-term investments like new equipment, structures, and software updates, whether or not they represent a very small portion of a company's total assets.
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Goods can be categorized into durable, nondurable, consumer, and capital goods.
True or false
Answer: true
Explanation:
You notice that juice is now selling for much higher prices than in the past. which two things would you expect to happen next?
When there is a condition that juice is being sold for much higher prices than in the past, one can expect lowered demand and increased supply for juice to happen next.
What is the significance of a demand?A demand is a phenomenon which has an indirect relationship with the price of such product. Thus, when price of a product, such as juice, increases, its demand naturally decreases with an increase in the supply of the juice. There may also be a shift in the demand for alternatives to juice being increased.
Therefore, the significance regarding demand has been aforementioned.
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Damien used a carefully crafted username to give himself access to the entire database of a poorly-secured business. damien most likely used a technique called:_________
The answer is :- SQL injection.
Damien gained access to the whole database of a company with lax security by carefully crafting his username. damien most likely used a technique called: SQL injection.
What is SQL injection?Malicious SQL statements are placed into entry fields for execution using the code injection technique known as "SQL injection" to attack data-driven systems (For instance, to expose the attacker to the database's contents.) SQL injection must take advantage of a security flaw in the software of an application, such as when user input is either not strongly typed and executed unexpectedly or when user input is erroneously checked for string literal escape characters embedded in SQL statements. Although SQL injection is mostly known as a website attack vector, it may be used to target any kind of SQL database.
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Nonpersonal promotional communication about goods, services, or ideas that is paid for by the organization identified in the communication is known as:_____.
Advertising is nonpersonal, commercial communication about a company's products, services, or viewpoints that is financed by the entity .
The required details for Advertising in the given paragraph
Advertising is a way to interact with customers of a good or service. According to the Advertising Association of the UK, advertisements are paid-for messages that are sent with the intention of informing or influencing the recipients.
What makes advertising so crucial?
Because it can spur business expansion, advertising is significant. Your small business marketing efforts will be amplified through advertising, which also helps you reach the correct demographic with positive, focused content that turns prospective customers into paying clients.
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A relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals is called _____ management.
A relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals is called top management.
This is further explained below.
What is top management.?Generally, compare upper management to middle management for a better understanding of the difference between the two. the most senior personnel of an organization or firm, such as the heads of several departments or divisions led by the chief executive.
In conclusion, Top management is the relatively small group of managers that sit at the very top of an organization and are responsible for determining the firm's overarching strategy as well as its long-term objectives.
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Cost of goods sold account is debited and finished goods inventory is credited for.
For the sale of goods to a customer the cost of goods sold is debited and finished goods inventory is credited.
Cost of goods sold is the amount (total) your business paid as a cost directly related to sale of products. Business may include products that are purchased for resale purposes or it could incur direct cost of producing products that is known as cost of goods sold.
When goods are sold to any customer, the cost of goods sold is debited and with the same value the finished goods inventory is credited.
For example, a company sells $2,000 worth of goods to a customer, and the sales price is $2,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $2,200
Sales Revenue $2,200
Cost of Goods Sold $2,000
Finished Goods Inventory $2,000
A debit to cost of goods sold represents an increase in the expenses that are deducted from revenues to get the gross profit and net income for the period.
A credit to finished goods inventory depicts a decrease in the cost of inventories that are available for sale, reported under total assets.
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When interest rates in the market fall, bond values will increase because the present value of the bond's remaining cash flows ____.
When interest rates in the market fall, bond values will increase because the present value of the bond's remaining cash flows will increase.
What is the effect of a decrease in interest rate on present value?A bond is a debt instrument used by firms to raise capital for their daily operations. Bondholders are paid interest based on the interest rate.
Present value is the sum of discounted cash flows. The bond is usually discounted using the interest rate. There is a negative relationship between interest rate and the present value of bonds.
Assume that a bond would pay 1000 in 5 years. The interest rate is 10%.
The present value of the bond : 1000 / (1.1^5) = 620.92
Assume now that interest rate is now 2%, the present value would be:
1000 / (1.1^2) = 826.45
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Savings by _____ in small dollar amounts is the origin of much of the money that funds business loans in an economy.
Savings by households in small dollar amounts is the origin of much of the money that funds business loans in an economy.
What is a business loan?An agreement between a lender and a borrower whereby the lender lends money to the borrower's business, which then repays the lender with interest in accordance with the terms of the loan.
The four pillars of the majority of business loan applications are credit scores, annual income, company plans, and collateral. But keep in mind that you'll need a lot more proof of your qualifications to get a company loan. You may need your driver's license among others.
Without a strong personal credit score (beginning at 700) and a steady stream of revenue from your company, it might be difficult to be approved for a small business loan. These are a few typical explanations for your business loan application being rejected.
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When phenomenological researcher record their thoughts and reactions to the research process, participant responses, and participants non-verbals, they are engaging in what is best known as:______.
Observations are what phenomenological researchers do when they write down their feelings and emotions about the study process, participant replies, and participant non-verbals.
Phenomenology is the have a look at of experience from the attitude of the man or woman, "bracketing" presumptions that are commonly widespread and traditional strategies of experiencing. The perception gained from an objectifying third-man or woman perspective is not so good as observation from a phenomenological attitude. as a substitute, one pays interest to someone's physiological manifestations of his or her subjective revel in, including his or her desires, intentions, or emotions, via remark.
Researchers that utilize phenomenological have a look at design adopt the assumption that people interpret their experiences in phrases of a not unusual structure or essence. For the reason of elucidating the essence of the event underneath inquiry, they interpret the contributors' emotions, perceptions, and ideals.
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The pressures that industry suppliers can exert on an industry's profit potential, is also called the?
The pressure suppliers may put on firms by rising prices, deteriorating quality, or restricting availability of their products is referred to as supplier power in Porter's five forces model.
What exactly is competitive conflict?Competitive rivalry is a gauge of how fiercely existing companies compete with one another. Intense competition can reduce earnings and force businesses to take action to be competitive, such as lowering prices, spending more on advertising, or investing in new services and products.
What is determined by Porter's five forces model?Understanding the strength of an organization's existing competitive position as well as the strength of a position that an organisation may attempt to move into is helpful.
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A process which one company studies the processes of another company for best practices is known as:__________
The answer is:- benchmarking.
A process which one company studies the processes of another company for best practices is known as benchmarking.
Why Use Benchmarks?An investment manager, mutual fund, or security's performance can be gauged using a benchmark. The most common stock and bond indexes used for this are broad market and market-segment indexes. A Sigma Six black belt has that as a component.
Benchmarks are indices that were built to contain a number of securities that each represent a certain market segment. All different kinds of asset classes have benchmark indices available. The Dow Jones Industrial Average and the S&P 500 are two of the most widely used large-cap stock benchmarks in the equities market. Setting and identifying a benchmark can be a critical component of investing for individual investors. Additionally to conventional benchmarks covering general market traits like large-cap, mid-cap, small-cap, growth, and value.
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How did hongwu exemplify confucian ideas? he built a strong military of ""a thousand chariots."" he encouraged the employment of men only. he encouraged reverent behavior among the people. he helped the economy of his country grow.
He helped the economy of his country grow. This is how Hongwu exemplifies Confucian ideas.
What is Confucianism?Confucianism is one of the most important religious traditions in Chinese history, with a history lasting more than 2,500 years. It cares about morals, inner virtue, and respect for the community and its customs.
Confucianism is a philosophy and way of life that originated in ancient China and served as the basis for much of Chinese culture. From 551 to 479 B.C.E., philosopher and educator Confucius lived. His students recorded his ideas on ethics, proper conduct, and moral character in various writings, the most significant of which was the Lunyu. For leading a peaceful life, Confucianism emphasizes human-centered qualities and ancestor worship. Confucianism's guiding principle is "Don't treat others the way you wouldn't want them to treat you."
Thus, Hongwu helped the economy with his Confucian ideas.
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Individuals at the lower levels of an organizational hierarchy can often best see solutions because they?
Individuals at the lower levels of an organizational hierarchy can often best see solutions because they direct contacts with the manufacturing of products
What is organizational hierarchy?
The authority-based membership hierarchy is the arrangement of members. From entry-level employees to top managers or executives are included in this hierarchy. Organizational hierarchies often have several levels, with employees in higher positions having more authority. For instance, the chief executive officer (CEO) of a firm is ordinarily the most senior person in the organization's structure. If you are in a leadership position at your company, consider rearranging the hierarchy to better suit the way that information is communicated and reported. If not, find out what kind of hierarchy is used by your company to see where you belong in.
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Suppose that 0.8 million currently unemployed workers decide to no longer actively look for work. what is the unemployment rate in this economy now?
Let's say that 0.8 million people who are currently unemployed decide to stop seeking jobs. The unemployment rate in this economy is 5.62%.
How much is unemployment?The proportion of the working population without a job is known as the unemployment rate. It is a lagging indicator, thus rather than predicting changes in economic conditions, it typically rises or decreases as a result of them.
The unemployment rate is likely to increase if the economy is weak and there are few available jobs. It is normal to expect it to decrease when the economy is expanding healthily and there are plenty of available jobs.
What Is a Sufficient Rate of Unemployment?
Because lower rates might be viewed as inflationary due to pressure on wages from price increases, low unemployment is not regarded as beneficial. High unemployment rates are not thought to be good, though, as they may put financial pressure on consumer spending.
Although there is no universal agreement on what defines healthy unemployment, most experts believe that unemployment rates between 3% and 5% are optimum.
Calculation:
(Unemployed-0.8)/(labor force-0.8) x 100 = 8.50/151.20*100 = 5.62%.
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Sales of blank______ began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives that would reduce the risk of lung cancer.
Sales of Smokeless tobacco products began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives that would reduce the risk of lung cancer.
How smoking cigarettes can cause lung cancer?According to research, smoking results in cell alterations that lead to lung cancer. Numerous of the hundreds of compounds found in cigarette smoke are carcinogenic. Despite the fact that the human body can frequently detoxify and eliminate carcinogens, when it is unable to do so, residual carcinogens can cause the body's cells to mutate, occasionally resulting in the development of malignant cells. Healthy cells are able to recognize when to stop dividing because the normal cell healing process requires cells to divide continuously until all harm has been fixed. On the other hand, cells that have undergone malignant mutations lose the ability to know when to stop and will continue to divide and expand.
Not every cell mutation results in cancer. But the more smoke a person inhales, the more mutations they'll experience, and the more likely it is that one of those mutations will be malignant. As a result, the chance of developing cancer increases with the length and frequency of a person's smoking. Notably, despite the fact that carcinogens frequently harm lung cells, they can also enter the bloodstream and spread throughout the body, resulting in a variety of cancers.
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Before kaiser permanente adopted its new business strategy, its is strategy triangle was out of _____________.
Before Kaiser Permanente adopted its new business strategy, its is strategy triangle was out of alignment.
Kaiser Permanente is one of the largest nonprofit healthcare plans in the United States, with over 12 million members.
It operates 39 hospitals and more than 700 medical offices, with over 300,000 personnel, including more than 87,000 physicians and nurses.
The new business strategy helped Kaiser Permanente to increase income, improve financial security, and reduce economic inequities.
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In most markets, _____ is determined by the interactions of numerous buyers and sellers
In most markets, the price of labor and the price of goods and services is determined by the interactions of numerous buyers and sellers.
What is the price?
The exchange of products or services for money is known as a price. In society, there would be no marketing without pricing. The main element that impacts sales operations is the lack of exchange value of a thing or service that has been agreed upon in a market transaction.
If there is no money, the exchange of goods can still take place, but without a price.
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Which grand strategy is more likely to support long-term deployments of american troops overseas?
Selective Engagement grand strategy is more likely to support long-term deployments of american troops overseas.
What is the strategy of selective engagement?
The selective engagement strategy states the use of alliances to safeguard US interests, advance US influence abroad, determine aggression, and maintain peace and predictability in the Pacific
What is the concept of grand strategy?
Grand strategy is the biggest level of national statecraft that generates how states, or other political units, prioritize and mobilize which military, diplomatic, political, economic, and other power to ensure what they receive as their interests.
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Using multiple department factory overhead rates instead of a single plantwide factory overhead rate:______.
Using multiple department factory overhead rates instead of a single plantwide factory overhead rate results in more accurate product costs.
Product cost is an accounting term which refers to the total costs which is involved in making a product and making it ready for sale.
In manufacturing, product costs are expenditures which include the costs of raw materials, labor as well as manufacturing overhead. Product costs can involve different expenditures which are related to a supplier in addition to any costs involved in stocking products.
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What is the appropriate interest rate and number of time periods to use to find the monthly payment for a 5-year car loan at 3. 6% compounded monthly?.
The correct interest rate is 0.5%, and the time period 360 used to calculate the monthly payment for a 5-year auto loan at a monthly compound interest rate of 3.6%.
The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal, or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR). A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate (CD). The interest received on these deposit accounts is measured in annual percentage yields.
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Which section of the project management plan provides the planned cost of deliverables?
Budget section of the project management plan provides the planned cost of deliverables
An expenditure plan for your firm based on your revenue and costs is called a business budget. It determines your available cash, calculates your expenses, and aids in income forecasting. A budget may aid in the planning of your business operations and serve as a benchmark for the establishment of financial objectives.
Surplus Budget, Balanced Budget, and Deficit Budget are the three categories of yearly government budgets based on estimates.
Which 5 fundamental components make up a budget?Fixed spending, variable expenses, discretionary expenses, and personal financial goals are the same for all simple budgets. A person can make a straightforward monthly budget by combining these fundamental elements of a budget.to learn more about budget click the links
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A project under strict terms and conditions to produce project deliverables on time or suffer late penalties is an example of a:_____.
a. commercial risk.
b. technical risk.
c. legal risk.
d. execution risk.
A project with rigorous deadlines and penalties for late submission of deliverables is an example of a D. execution risk.
What is a project?A project is a group of tasks that must be completed in order to accomplish a specific objective. An alternate way to define a project is as a group of inputs and outputs required to achieve a particular goal. Projects might be basic or complex, overseen by one person or one hundred.
Unlike traditional risk analysis, execution risk analysis concentrates on the project or portfolio's execution stage. Instead of comparing the return on investment to project risks, you are now examining the hiccups, or banana peels, that might occur once the project is live.
The area present risk in the execution of a strategy is the failure to properly translate the strategy's high-level goals into the precise steps that the organization needs.
Last but not least, a project with rigorous deadlines and penalties for late delivery of deliverables is an illustration of an execution risk.
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Opponents of globalization claim that globalization has led to widespread government corruption as indicated through the extensive use of __________.
The extensive use of BRIBERY indicates that opponents of globalization claim that globalization has resulted in widespread government corruption.
Bribery is the unlawful offering, malicious giving, covert receipt, or improperly motivated soliciting of anything of value with the intention of influencing the actions of someone who has legal or public authority.
The argument made by those who oppose globalization is that freer trade and investment allow multinational corporations to relocate factories from high-wage developed countries to low-wage underdeveloped countries, where governments are more likely to be corrupt and eager to sell off their resources to foreign nations.
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A process has a total measure of productivity of 1.26 and output of 15,000. what are the total inputs?
A process has a total measure of productivity of 1.26 and output of 15,000. then the Total Inputs is 11905
What do you mean Productivity?
Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate output to a single or aggregate input employed in a manufacturing process, i.e. output per input unit, often over a predetermined time frame.
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In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to __________ the brand.
In a weaker economy, some high-end brands may seek to become more attractive to additional customer segments. one way to do this is to reposition the brand.
This is further explained below.
What are high-end brands?Generally, It's possible that some high-end businesses may try to appeal to a wider variety of consumers while the economy continues to struggle as a whole.
Repositioning the brand is one approach that may be used in this direction.
In conclusion, The highest-end versions of things, particularly electronic ones, often come with the highest price tags.
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Once an lpn has passed the state exams and is employed in a clinical setting, they are not required to work under the supervision of a physician or registered nurse.
a. true
b. false
The statement mentioned is False. LPNs are still required to work under the supervision of a physician or registered nurse.
What is LPN?
In the majority of the United States and Canada, a licensed practical nurse (LPN) is a nurse who provides care to patients who are ill, injured, recovering from an illness, or incapacitated.
Depending on their jurisdiction, LPNs may operate under the supervision of registered nurses, mid-level practitioners, or physicians in the United States. In Canada, LPNs/RPNs operate independently, much like a registered nurse, and are in charge of their own decisions and practices.
Therefore, Once an LPN has passed the state exams and is employed in a clinical setting, they are not required to work under the supervision of a physician or registered nurse is false for the United States.
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A company can change to a new method of accounting if management can justify that the new method results in.
The correct option is more meaningful financial info
Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collecting organizations as part of the accounting process. A company's activities, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct overview of financial events across an accounting period. Accounting is the process of documenting financial transactions and using those records to save, retrieve, organize, summarize, and present the findings in different reports and analyses. A profession and subject of study devoted to doing those objectives is accounting. The measuring, processing, and exchange of financial and non-financial information regarding economic entities, such as enterprises and corporations, is known as accounting or accountancy.
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In preparing a dfd, when data are transformed through a process, the symbol used should be? a circle. an arrow. a square. two horizontal lines.
In preparing a DFD, when data are transformed through a process, the symbol used should be a circle.
The definition of a circle gives a shape consisting of points in a two-dimensional plane that are equidistant from a given point. A circle is a closed curve with no corners or vertices. Many round shapes in our real life are defined by circles.
A circle is a closed shape formed by tracing points moving in a plane such that they are a constant distance from a point. The word circle comes from the Greek kirks, which means wheel or ring. Circles are still of symbolic importance today and are often used to symbolize harmony and unity. For example, look at the Olympic symbols. There are five interlocking rings of different colors, representing the five major continents of the world united in a spirit of healthy competition.
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