a formal access control methodology used to assign a level of confidentiality to an information asset and thus restrict the number of people who can access it is known as a(n) .

Answers

Answer 1

Assigning a level of secrecy to an information asset and limiting access by using a formal access control approach is known as Data Classification Scheme.

What is access control?

Access control is the process of restricting access to resources within a system, such as a computer network, based on user identity, roles, and other factors. Access control systems typically use authentication methods, including passwords, smart cards, tokens, biometrics, and other forms of verification, to ensure that only authorized users can access the resources they are trying to access.

Data classification schemes are important because they allow organizations to control access to sensitive information and ensure that only authorized personnel have access to sensitive data. This helps protect the organization from data breaches, cyber attacks, and other malicious activities. By assigning a confidentiality level to an information asset, organizations are able to control who can access the asset and what actions can be taken with it. This helps to ensure that only those with the proper authorization can access the data and that any unauthorized access or use of the data will be minimized.

Therefore, Data Classification Scheme is the answer.

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Related Questions

Josieâs supervisor directed her to use false information in order to enhance sales numbers, while intimating that not participating would spoil josieâs chances for promotion. josie was faced with a(n)__________.

Answers

Josie was faced with a moral dilemma or ethical dilemma. A moral dilemma occurs when a person is confronted with a situation where they must make a decision between two or more conflicting moral values or ethical principles.

In this case, Josie's supervisor directed her to use false information, which goes against the principle of honesty and integrity.

The dilemma Josie faced arises from the conflict between her desire for promotion and her moral values. On one hand, she may feel pressured to comply with her supervisor's instructions in order to enhance sales numbers and increase her chances of promotion. On the other hand, she may have a strong belief in honesty and ethics, which would make it difficult for her to engage in deceptive practices.

This situation puts Josie in a challenging position, as she must weigh the potential benefits of promotion against the ethical consequences of participating in dishonest practices. Resolving such a moral dilemma requires careful consideration of the potential impact on her integrity, professional reputation, and personal values.

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What is the Importance of sales promotion

Answers

is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

ony works as a salesperson at Franklin Delights, a company that specializes in labor-saving kitchen appliances. When Tony gives a presentation to the owner of a small but popular diner, he actually demonstrates how swiftly one can chop, slice, or grate vegetables and fruits using his company's product. However, when selling the same product to a luxury hotel, he informs the hotel manager about his existing client base. This ability to vary his sales presentation indicates that Tony is practicing __________ selling

Answers

Answer:

Adaptive.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

A salesperson is any individual saddled with the responsibility of handling business transactions initiated by service takers and customers in an organization.

A sales presentation can be defined as series of talk given by a salesperson with the attempt to persuade someone or a potential customer to buy a particular product, by giving information it. Some salespersons resort to the use of dramatics so as to initiate and close the sale of a particular product by engaging in series of theatrical actions.

Adaptive selling can be defined as a customized selling approach adopted by a salesperson for the sales of goods and services depending on the circumstances, situation and factors such as customer feedback, behavior, requirements, etc.

In this scenario, the ability to vary his sales presentation indicates that Tony is practicing adaptive selling.

what is the standard tax deduction for senior citizens in 2021?

Answers

Answer:

Taxpayers who are at least 65 years old or blind can claim an additional 2021 standard deduction of $1,350 ($1,700 if using the single or head of household filing status). For anyone who is both 65 and blind, the additional deduction amount is doubled.

strategic change involves improving an organization's alignment among which of the following? question 2 options: a. strategy, organization design, and environment b. strategy, organization design, and technology innovation c. technology innovation, organization design, and environment d. strategy, environment, and survey/feedback

Answers

The correct answer is option a. Strategic change involves improving an organization's alignment among strategy, organization design, and environment.

Strategic change is referred as the process of implementing of changes to important features of a business. For example in response to new market threats or opportunities. Upper management and the Chief Executive Officer in particular brace the responsibility for this change

Strategic change focuses at giving companies a competitive advantage in their market. It is known as the big-picture business change which is design to help companies and the increase revenue. Strategic change is distinguished as a complex change which includes four independent but each other interconnected areas- technical, organizational, methodical and social changes.

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Which statement best describes the economic relationship between product markets and businesses?
A. Businesses receive their income from product markets.
B. Product markets pay wages to businesses. C. Businesses sell the goods they produce at product markets.
D. Product markets provide natural resources to businesses.​

Answers

Answer:

C. Businesses sell the goods they produce at product markets.

Explanation:

Just got it right

Answer:Businesses sell the goods they produce at product markets.

Explanation:

Which statement best describes the economic relationship between product markets and businesses? A. Businesses

Review your states guidelines and regulations pertaining consumer loans and credit. And a 500 word report, describe how they compare to the federal laws. Tennessee.

Answers

Answer:

Texas state laws are highly concerned with third-party collection agencies hassling consumers. State laws require that debt collectors prove they are bonded and licensed to collect delinquent funds. A debt collector must validate or prove it is the legitimate owner of a debt and provide the consumer with specific information about the debt. The Texas finance code states that collection agencies must tell you the name of the original creditor, the original date of default or non-payment, the date the debt was transferred from the original creditor to the third-party debt collector, and the original balance and current balance. If the debt collector refuses to provide the information, state law views it as an admission of inaccurate debt collection. The consumer then has the right to have all debt collection efforts stop and to have the debt permanently removed from any consumer credit reports. The debt collector must be bonded in the state of Texas and have legal authority to collect fees, interest, and expenses. Texas offers programs to monitor credit reports, help repair credit history, and make payment plans.

While federal credit and loan laws are more concerned with fair and accurate business practices, Texas state law is more concerned about debt collection by third parties and repairing credit history. It indicates that when it comes to credit and loans, the biggest problems Texans experience are high debt, debt collections, and poor credit ratings. Texas is less concerned with fair credit practices by creditors and more concerned with how to keep its consumers from defaulting on loans. They also seem to be concerned with fraudulent collection agencies going after consumers and with false financial information being placed on consumer credit reports. The Fair Credit Reporting Act tells consumers to alert CRAs to investigate disputed claims, and the CRAs then have 30 days to investigate a claim and determine if it is inaccurate, incomplete, or unverifiable. In Texas, the state advises consumers to contact the collection agency and request information to validate the collection. Texas gives the collection agency 30 days to respond. If the collector doesn’t respond, the case must be removed, if the agency does respond, the debt is considered legitimate. The state does not refer to CRAs at all.

The state’s website does address identity theft, which can lead to fraudulent use of credit. Texas recommends its citizens invest in an identity protection plan for $10 a month. It also encourages people to invest in a credit report service for $14.95 a month. The Fair and Accurate Credit Transactions Act advises people that they have the right to access three free credit reports a year. The act also states that consumers have the right to have their account flagged by CRAs in the event of identity theft. Texas does not mention any of these rights and services. However, the state provides a lot of links and pages advertising businesses that consumers can pay to help them with credit history and identity theft. The state does not alert people to any free rights and services guaranteed by federal law.

Explanation:

PLATO

Complete the following sentence.
If an interviewer has suspicions of fraud, the interviewer may call on a fraud
to assess the situation.

Answers

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

Answer:

fraud detection

Explanation:

What MUST you have in order to
complete a federal, state, or local tax
return form?

Answers

Answer:

federal

Explanation:

Leron is in high school and is interested in the Logistician career. Which accurately lists the most likely pathway
that Leron will take?
O high school diploma + certification
O high school diploma + associate's degree - licensure
O high school diploma + bachelor's degree
O high school diploma — master's degree internship

Answers

Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!

Answer:

Leron would have to get a high school diploma and then a bachelors degree. A bachelors degree is required for a entry level position. Hope that helps!

Explanation:


1. What is the amount charged for failing to provide a Social Security number on your tax return?
A. $15.00
B. $50.00
C. $75.00
D. $35.00

Answers

Answer:

B. $50.00

Explanation:

The penalty for failing to supply the  Social Security number when submitting tax returns is $50. The penalty may also apply when one fails to provide the SSN in statements or other documents being submitted to the tax agency.

This PA 2 assignment requires you to identify a current change in an organization with which you are familiar, and evaluate a current public issue about which "something must be done." In relation to the change issue, think about what sense-making changes might need to be enacted and how you would go about doing this. Then, design a mindmap visually assessing this in terms of the eight (8) elements of the sense-making framework suggested by Helms Mills and as set out in Table 9.7:
Sensemaking and identity construction
Social sense-making
Extracted cues of sensemaking
Ongoing sense-making
Retrospection
Plausibility
Enactment
Projective sense-making
Make sure you visually address the following questions:
Which ones did you believe you might have the most/least control over, and why?
What implications does this have for adopting a sense-making approach to organizational change?
Note Course :BUS 700 Leadership and Creative Solution Implementation Area : Management

Answers

We can see here a mindmap that visually assesses the eight elements of the sense-making framework suggested by Helms Mills in relation to a current change in an organization:

Social sense-making

How does the change impact the organization's social networks?How does the change impact the employees' social interactions?

What is sense-making change?

Sense-making change refers to the process of understanding and making sense of organizational changes.

Extracted cues of sensemaking

What are the key cues that employees are using to make sense of the change?How can the organization provide more information and feedback to help employees make sense of the change?

Ongoing sense-making

How can the organization create a culture of ongoing sense-making and learning?How can the organization encourage employees to share their thoughts and ideas about the change?

Retrospection

How can the organization reflect on the change and learn from it?How can the organization use what it has learned to improve its future change efforts?

Plausibility

How can the organization make the change seem more plausible to employees?How can the organization provide clear and convincing reasons for the change?

Enactment

How can the organization help employees enact the change.How can the organization provide training and support to help employees make the change?

Projective sense-making

How can the organization help employees project themselves into the future and imagine what the organization will be like after the change?How can the organization create a sense of excitement and anticipation about the future?

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which of these tasks is sometimes difficult for workers in entry-level jobs?

Answers

One of the tasks that can sometimes be difficult for workers in entry-level jobs is learning and adapting to new processes and procedures.

Learning and adapting to new processes and procedures can be especially challenging if the worker is new to the industry or field, and may not have prior experience or knowledge to draw upon. Other tasks that may be difficult include managing time effectively, dealing with difficult customers or coworkers, and understanding and following company policies and protocols. Additionally, entry-level workers may struggle with balancing multiple tasks or responsibilities, as well as maintaining a positive attitude and staying motivated. Overall, these challenges can be overcome with patience, persistence, and a willingness to learn and grow on the job.

However, some common tasks that might be difficult for workers in entry-level jobs can include time management, problem-solving, adapting to new environments, and effective communication with colleagues and supervisors.

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Explain how the U.S. economic system differs from the economic system in Cuba.

Answers

The economy of Cuba is a planned economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labor force is employed by the st

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to________.

Answers

Increasing the wealth gap between nations and misusing and misallocating scarce resources are ethical issue accusations related to economic inequality and resource mismanagement.

Economic inequality refers to the unequal distribution of wealth, income, and resources among individuals and nations. When a small group of nations amasses a disproportionate share of global wealth, it can lead to social and economic disparities, hinder development, and perpetuate poverty.

Misusing and misallocating scarce resources refers to inefficient utilization of limited resources such as water, energy, and land. This can lead to environmental degradation, social inequities, and exacerbate poverty.

Both issues have ethical dimensions as they raise concerns about fairness, justice, and the well-being of individuals and societies. Addressing these ethical issues requires global cooperation, responsible governance, and sustainable development practices.

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1. 1.300 units are in ending inventory at the end of the current period, 20 of which were damaged by water and cannot be sold. How mnay units should be in period ending inventory?
2. At the end of the period a company has 350 units in its delivery van, ready to deliver per a customer order, terms FOB destination. How many units should be in period-ending inventory?
3. At the end of a period a company has 350 units in its delvery van that is half way between the company's location and its customer's location, terms FOB shipping point. How many units should be in period-ending?
4. At the end of a period Husker Compnay has 80 units out on consignment to Fairbury Company. How many units should be in Husker Company's period-ending inventory?
5. Where is the amount of merchandise inventory disclosed in the financial statements?
6. If costs are declining, will the LIFO OR FIFO method of inventory yeild the lower cost of goods sold?
7. If costs are declining, will the LIFO or FIFO method of inventory yeild the lower ending merchandise inventory balance?
8. If costs are increasing, will the LIFO or FIFO method of inventory yield the lower cost of goods sold?
9. If costs are increasing, will the LIFO of FIFO method of inventory yield the lower ending merchandise inventory balance?
10. If ending merchandise inventory is misstated at the end of period 1, which of the following accounts will be misstated at the end of period 1?

Answers

The goods in the delivery van are considered sold and should not be included in period-ending inventory.

1.  1,320 units should be in period-ending inventory.

the total units in period-ending inventory can be calculated by adding the undamaged units to the damaged units. since there are 20 units damaged by water and cannot be sold, we subtract them from the given 1,300 units to get the total units in period-ending inventory: 1,300 + 20 = 1,320 units.

2.  0 units should be in period-ending inventory.

when goods are shipped fob destination, purchase ownership and risk of loss transfer to the buyer upon delivery. 3.  350 units should be in period-ending inventory.

when goods are shipped fob shipping point, ownership and risk of loss transfer to the buyer at the point of shipment. since the goods are in the delivery van halfway between the company's location and the customer's location, they are considered in transit and should be included in period-ending inventory.

4.  80 units should be in period-ending inventory.

consignment goods are still owned by the consignor until they are sold by the consignee.

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1. if a country imposes a barrier (such as tariffs) against imports what is likely to happen to the price and amount of imported goods?

Answers

When a country imposes a barrier such as tariffs against imports, The price of imported goods will increase while the amount of imported goods will decrease.

Tariffs are taxes imposed on imported goods by the government of the importing country. When tariffs are imposed, the price of imported goods increases.

As a result, consumers will have to pay more to purchase the same amount of goods that were once cheaper before the tariffs were imposed. The cost of production of the imported goods will increase, making it more expensive for the importer to sell the goods, which will result in a decrease in the amount of imported goods.

Therefore, when a country imposes a barrier such as tariffs against imports, the price of imported goods will increase, while the amount of imported goods will decrease.

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In 2021, father sheets received $38,500 salary for ministerial services, $2,750 for performing weddings, and $13,750 excluded parsonage allowance (a total of $55,000). He incurred $5,500 of unreimbursed expenses related to his ministerial salary and $1,500 related to the weddings performed as self-employed. Consider that the excluded parsonage allowance will affect the allocation of expenses. How much of these expenses will be deductible for income tax purposes?

Answers

Active duty military pay and summer encampment compensation are free from the municipal earned income tax as of January 2016.

What is income, for instance?

Income is the money a person or organization receives in return for labor, the creation of an item or service, or the use of capital. While companies make money by selling services or products over their cost of production, individuals often do so through wages or salaries.

Quelles of income: what are they?

The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.

To start, calculate Pastor Malachi's non-deductible part of income as follows:

= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings

= 13, 750 / 55, 000 x 1, 500

= $ 375

The unreimbursed expenditure deduction would therefore be as follows:

= Non-deductible percentage of self-employment income

= 1, 500 - 375

= $ 1, 125

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$1,125 of these expenses will be deductible for income tax purposes.

How do you determine the deductible expense for income tax purposes?

The income in a straightforward economy is derived from two sources. household sector (a) and business sector (b). Through reciprocal trade, these make money. The production inputs are owned by the household sectors, which also provide them to the businesses.

To start, calculate Pastor Malachi's non-deductible part of income as follows:

= Parsonage allowance excluded / Ministerial salaries x Self-employment earnings

= 13, 750 / 55, 000 x 1, 500

= $ 375

The unreimbursed expenditure deduction would therefore be as follows:

= Non-deductible percentage of self-employment income

= 1, 500 - 375

= $ 1, 125

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which word best describes the writing process in business writing ?

Answers

Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing

Companies that are employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner. If employees have a financial stake in the company, it is in their interest to work harder. If profit goes primarily to stockholders or a small group of owners, employees have less incentive to work hard. Yet, in a comparison of airline companies, Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.Which of the following, if true, best supports the conclusion that employee-owned companies are more profitable than are non-employee-owned companies?A. Wingspan Airlines has recently initiated routes to New Zealand, Australia, and Tahiti.B. Longflite Airlines has been owned by Martin Pearson for only six months.C. A cosmetics company that is entirely employee-owned has, in the last year, increased its market share by 18 percent.D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.E. The employees of Wingspan Airlines voluntarily took pay cuts to give the company a chance to recover, and the employees of Longflite recently went on strike to protest poor working conditions.

Answers

Answer:

D. Profits recorded by Longflite Airlines include profits earned by a subsidiary that manufactures airplane parts, and because of a nationwide drop in airplane travel, all airline companies have chosen to repair their older planes rather than spend dwindling revenues on new planes.

Explanation:

In the given instance it is stated that Wingspan Airlines, which is entirely employee-owned, has recorded losses for the previous three quarters, whereas Longflite Airlines, which is owned by billionaire Martin Pearson, has recorded record profits for the previous three quarters.

This is in conflict with the fact that employee-owned are commonly thought to be more profitable than are publicly-owned companies or companies with a single owner.

The option that justifies this in the given instance is if every company is suffering and making losses but Longflite Airlines (which is owned by billionaire Martin Pearson) is making profit from a subsidiary that manufactures plane parts.

This will give Long life Airlines a clear advantage over other companies including the employee owned Wingspan Airlines.

Upload your Environmental Regulations project below.

Answers

Answer:

Environmental regulations are government policies and laws that aim to protect the environment and human health by controlling and minimizing the release of harmful pollutants and substances into the air, water, and land. These regulations can take the form of standards, guidelines, or restrictions that are designed to reduce the negative impacts of human activities on the environment.

Here are some examples of environmental regulations:

Clean Air Act: This act regulates the emissions of air pollutants from both stationary sources (such as factories and power plants) and mobile sources (such as cars and trucks). It also sets standards for air quality and requires the EPA to monitor and report on air pollution levels.

Clean Water Act: This act regulates the discharge of pollutants into the nation's surface waters, such as lakes, rivers, and streams, and sets water quality standards. It also requires permits for certain discharges and provides for enforcement of the standards.

Resource Conservation and Recovery Act (RCRA): This act regulates the management of hazardous and non-hazardous solid waste, including the treatment, storage, and disposal of these wastes.

Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, or "Superfund"): This act provides for the cleanup of hazardous waste sites and holds responsible parties accountable for the costs of the cleanup.

Endangered Species Act: This act protects endangered and threatened species and their habitats by regulating activities that may harm them.

The implementation and enforcement of environmental regulations is usually the responsibility of environmental agencies, such as the Environmental Protection Agency (EPA) in the United States.

Overall, environmental regulations play a crucial role in protecting the environment and public health, and are essential for ensuring that human activities are carried out in a sustainable manner.

PLEASE HELPP!!!! ASAP 50 POINTS WILL MARK BRAINLIEST

What is financing? (Select the best answer.)


Using a debit card to make purchases


Paying back debts


Using credit to pay for purchases


Reducing the principal of a loan


What might you do if you are unable to get a credit card? (Select the best answer.)


Stop accepting government assistance


Pay less attention to your bank balance


Make as many cash purchases as possible


Apply for a department store card

Answers

1.) Using a credit card to make purchases
2.)stop accepting government assistance or apply for a department store card.

Don’t know for sure if these are correct but... Good luck

Which of the following inventory accounting methods will most likely produce the highest cost of goods sold (COGS) and the lowest net income during a period of rising prices

Answers

The FIFO (First-In, First-Out) method is likely to produce the highest cost of goods sold (COGS) and the lowest net income during a period of rising prices.

In a period of rising prices, the inventory accounting method that will most likely produce the highest cost of goods sold (COGS) and the lowest net income is the FIFO (First-In, First-Out) method.

Under FIFO, the oldest inventory costs are assigned to the cost of goods sold first. As prices rise over time, the cost of older inventory is lower than the cost of newer inventory. By assigning the lower costs to COGS, FIFO will produce a higher COGS and lower net income compared to other methods.

On the other hand, LIFO (Last-In, First-Out) assigns the newest inventory costs to COGS first. In a rising price environment, LIFO will assign higher costs to COGS, resulting in lower COGS and higher net income compared to FIFO.

Weighted Average Cost method calculates an average cost for all units of inventory, which is then assigned to COGS. It provides an intermediate outcome compared to FIFO and LIFO, resulting in moderate COGS and net income.

Overall, the FIFO method will most likely produce the highest COGS and the lowest net income during a period of rising prices.

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This case examines the concept of workplace bullying within a fictional B.C. organization.
Workplace bullying can be defined as "offensive, intimidating, malicious, or insulting behaviour, which
is an abuse or misuse of power through means intended to undermine, humiliate, denigrate, or injure
the intended victim." Catano et al. (2019)

Answers

Workplace bullying can be defined as "offensive, intimidating, malicious, or insulting behaviour, which is an abuse or misuse of power through means intended to undermine, humiliate, denigrate, or injure the intended victim." (Catano et al., 2019).

Workplace bullying can have significant negative impacts on the targeted individuals, including physical and psychological issues. It can affect the victim's performance, morale, and productivity, leading to decreased job satisfaction, job burnout, and turnover intentions.

Besides, it may also affect the bystanders' perceptions of the organization and their willingness to work in the same environment. Hence, it is imperative to identify and address such behaviours to promote a safe and healthy work environment.

Anti-bullying policies, employee training programs, and a supportive workplace culture are some measures that can be implemented to prevent workplace bullying.

The organizational leadership should take a zero-tolerance approach towards bullying and provide support to the victims. They should also encourage open communication and a respectful workplace environment where all employees feel valued and respected.

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How much would Software C cost
you in the long run?
80% . $0
$[?]
Satisfaction
Not Satisfied
20%. $20,000
$5,000
Software C
Software D
$8,000
85% $0
Satisfaction
Not Satisfied
15%. $15,000

How much would Software C costyou in the long run?80% . $0$[?]SatisfactionNot Satisfied20%. $20,000$5,000Software

Answers

Answer: $8,000

Explanation:

If you're satisfied, the cost of software C is:

= 5,000 + 0

= $5,000

If you are not satisfied, the cost is:

= 5,000 + 20,000

= $25,000

You can then use the probabilities to calculate the expected total cost:

= (Probability of satisfied * Cost if satisfied) + (Probability of unsatisfied * Cost if unsatisfied)

= (80% * 5,000) + (20% * 20,000)

= $8,000

Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members are called ______ skills.

Answers

Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members are called managerial skill. Simply put, managerial skills are the knowledge and capacity of people in positions of authority to carry out specified management actions or duties.

This information and ability are learnable and practiseable. They can, however, be obtained through the practical implementation of needed actions and tasks. Management abilities are vital for a variety of reasons. They position you as an effective leader capable of making sound judgments, an effective communicator with the soft skills required to motivate a team.

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1. Analyze financial statements. 2. Transfer journal entries to ledger 3. Prepare the financial statements. 4. Record transactions in journals. 5. Take a trial balance. 6. Analyze source documents Match each of the options above to the items below. i. Separate purchasing receipts from sales documents. ii. Record financial data. iii. Post individual transactions into a single account. iv. Summarize data in the ledgers. v. Prepare income statement. vi. Evaluate profit/loss of the firm.

Answers

Analyze transactions- Post individual transactions into a single account, Transfer journal entries to ledger-Summarize data in the ledgers, Prepare the financial statements-Evaluate profit/loss of the firm, Record transactions in journals--Prepare income statement, Take a trial balance-Record financial data, Analyze source documents- Separate purchasing receipts from sales documents.

What is profit and loss?

Profit is the excess amount of the firm, which the business has attended in the financial year of working. I t includes the net profit. Loss is the amount that a firm occurred during a year, it covers the net loss of the firm.

Thus, the statement are matched above.

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the date on which a cash dividend becomes a legal obligation is the:_____

Answers

The date on which a cash dividend becomes a legal obligation is the declaration date.

At the declaration date, the board of directors of the company decides to distribute a dividend, specifying the amount, record date, and payment date. The company declares a dividend when the board of directors decides that the company has enough profit to distribute to shareholders. The declaration of dividends includes information such as the total amount of the dividend, the payment date, and the record date.

It can be said that the declaration date is the day when a company announces that it will distribute a dividend. The board of directors makes this decision, determining the total amount of the dividend, payment date, and record date. This announcement confirms a legal obligation on the company to distribute dividends to its shareholders.

After the declaration date, the company is bound to pay the dividend to the shareholders who are on the record date. It is important to note that the declaration of dividends does not mean that the payment has been made; it only confirms that the company will pay dividends to shareholders in the future.

So, the declaration date is the date on which a cash dividend becomes a legal obligation.

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after morgan corporation merged with sw companies, it was noticed that due to increased employee collaboration between the two companies, costs were down and revenues increased within both areas. this is an example of what business phenomenon?

Answers

The business phenomenon that is demonstrated in this example is called  the "Synergy Effect" or "Synergy."

The Synergy is defined as the concept that the whole is greater than the sum of its parts. It refers to the idea that when two or more companies come together, they can create more value together than they could separately.

In this case, the merger of "Morgan-Corporation" and "SW" Companies resulted in increased collaboration between the two companies' employees, which leads to reduced costs and increased revenue.

Therefore, This example demonstrates how the synergies created by the merger resulted in improved business performance for both companies.

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what is the difference of communism and socialism?

Answers

Communism there is No private ownership,central government,No class Distinction, Production for basic needs.


For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
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