Under the Sarbanes-Oxley Act of 2002, the role of the registered independent auditing firm is to express an opinion on the effectiveness of the entity's control as it relates to internal controls over financial reporting. The correct answer is (B).
The Sarbanes-Oxley Act of 2002 (SOX) was enacted in response to accounting scandals that highlighted the need for stronger internal controls and financial reporting standards. The act introduced various requirements to enhance corporate governance and improve financial disclosures. One of the key provisions of SOX relates to the role of registered independent auditing firms.
Under SOX, registered independent auditing firms are required to express an opinion on the effectiveness of the entity's internal control over financial reporting. This means that auditors must assess and evaluate the design and operating effectiveness of the client's internal controls.
The purpose of this evaluation is to provide reasonable assurance that the financial statements are reliable and that any material misstatements or weaknesses in internal controls are identified.The auditing firm conducts an independent examination of the internal controls and issues an opinion on whether they are designed and operating effectively.
This opinion is included in the auditors' report, which is an important document for investors, regulators, and other stakeholders in assessing the reliability of a company's financial statements. Option (A) is incorrect because the independent auditing firm's role is not specifically related to expressing an opinion on whether the entity is subject to all provisions of the Securities Exchange Act of 1934.
Option (C) is incorrect because the independent auditing firm is not responsible for reporting to both the Public Company Accounting Oversight Board (PCAOB) and the Securities and Exchange Commission (SEC) regarding entities with unsatisfactory internal controls.
While the auditors are required to communicate any material weaknesses identified in internal controls to the entity's management and audit committee, reporting to regulatory bodies is not a direct responsibility of the auditing firm.
Option (D) is incorrect because the auditing firm is expected to provide an opinion on the effectiveness of the entity's internal control, rather than disclaiming an opinion on management's assessment. The correct answer is (B).
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What is revenue , total revenue, average revenue and marginal revenue??
Answer:
Revenue:-revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Explanation:
Total revenue:-Total revenue is the total receipts a seller can obtain from selling goods or services to buyers.
Average revenue:-Average revenue per user, sometimes known as average revenue per unit, is a measure used primarily by consumer communications, digital media, and networking companies, defined as the total revenue divided by the number of subscribers.
Marginal revenue:-the revenue gained by producing one additional unit of a product or service.
hope its help you.......
1. List four reasons that businesses extend credit.
2. How does using credit benefit businesses and consumers?
1.Encourage customers to spend more, which can result in increased sales if receivables are turned to cash;
Increase customer goodwill and build good customer relations;
Make your customers less sensitive to price and more focused on the services you offer.
2.Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase. Having a good credit record means that a person has an established history of paying back 100% of his/her debts on time
2. Benefits for business:
all 4 points aboveCash flow management: Offering credit can help businesses manage their cash flow, as they can receive payment over a period of time rather than all at once.Benefits for consumers:
Purchasing power: Using credit allows consumers to make purchases that they may not have been able to afford with cash, such as items like a home or a car.Convenience: Using credit cards can be more convenient than carrying cash, as consumers do not have to worry about carrying large amounts of cash or making frequent trips to the ATM.Building credit history: Using credit and making payments on time can help consumers build a positive credit history. This in turn can lead to better credit scores and lower interest rates on future loans.Protection against fraud and errors: Credit cards provide protection against fraud and errors, as consumers can dispute unauthorized charges or errors on their statements.For more on credit refer to: https://brainly.com/question/1590835
A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUJill works at a factory where she is responsible for producing collector dolls. More than likely, Jill's employer uses ________.A. merit plansB. individual incentive plans C. group incentive plansD. bonus plansE. company-wide incentive plans
It is more likely that Jill's organisation uses B) individual incentive plans to inspire and reward employees.
Individual incentive plans are designed to inspire and reward employees for their character overall performance, productiveness, and output.
This form of incentive plan is frequently used in production settings, in which employees have clear performance metrics and desires, together with producing a certain number of collector dolls consistent with hour or day.
Individual incentive plans can be primarily based on various factors, such as the variety of dolls produced, satisfactory of work, or assembly unique goals. with the aid of the usage of character incentive plans, employers can encourage employees to work tougher and increase productiveness while rewarding folks who meet or exceed overall performance standards.
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Jase earns $5. 00 per lawn mowed and $5. 00 per car washed. Let m be the number of lawns mowed and let c be the number of cars washed. Select all the expressions that could represent the total earned, in dollars, by jase.
The expressions that could represent the total earned, in dollars is E= 5(m+c), m lawns mowed = 5m and c car washed is 5c.
The definition of total earned is the sum of all incoming funds obtained by the business through the sale of goods or services. Total revenue is computed by expression of multiplying the average sales price per item or unit by the quantity of items or units sold.
Total earned does not include any costs that are directly connected to the price of producing the good, the cost of providing the good or service, or any general operational costs like wages, taxes, or utilities. The following is an illustration of a company's whole revenue.
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After receiving a discount of 6. 5% on its bulk order of notebooks, john's office supply pays $6732. What was the price of the order before the discount?.
$7170 was the price of order before discount.
He paid 6.5 percent more than the original price. There are two possible responses to this.
First method: Divide 6.5% of 6732 by 100 to get 437.58 (6.5/100 x 6732).
This sum must be added to 6732. You'll receive 6732 + 437.58 = 7169.58 as a result.
The alternate route is a tiny bit quicker. 100 % + 6.5% = 106.5% of the total amount paid. You should then be given the second step immediately.
(106.5 / 100 ) * 6732 = 7169.58
round off to $7170
Discount causes the product's selling price to drop, which increases its allure for the consumer. Price reduction has a psychological effect on the buyer, influencing them to make the purchase. Trade discounts and cash discounts are the two sorts of discounts available.
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Team players are sought-after employees
True
False
Answer:
true,
Explanation:
The OPEC countries supply about 40% of the world's crude oil. Suppose that OPEC increases its oil production by 5%. Assume that no other oil suppliers change their production and that the price elasticity of demand for crude oil is-0:2. You predict that as a by result of the OPEC's increased production, its total revenue from oil will (increase/decrease) [Write your response here....] by [Type your answer here] %
Total revenue from oil will decrease by 2%.
Given that OPEC countries supply 40% of the world's crude oil and they increase their production by 5%, it implies that their market share would increase to 42% (40% + 5% of 40%). However, due to the price elasticity of demand for crude oil being -0.2, a 1% increase in quantity supplied would result in a 0.2% decrease in price.
As a result, the total revenue from oil would decrease by 0.2% for each 1% increase in quantity supplied. Therefore, with a 5% increase in production, the total revenue from oil would decrease by 2% (5% * 0.2%).
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what effect did the post-war era have on consumer borrowing?
The post-war era saw a dramatic increase in consumer borrowing, primarily due to the economic boom that followed the end of World War II.
This period was characterized by a surge in consumer spending, made possible through the introduction of consumer credit. Banks and other financial lenders were eager to offer loans to those looking to purchase new homes, cars, and other consumer goods.
The availability of consumer credit enabled Americans to purchase items they may not have otherwise been able to afford, fueling the growth of the consumer economy.
Additionally, the introduction of installment loans allowed consumers to spread out payments over a period of time, making it easier to purchase items that were too expensive to pay for outright. The post-war era thus saw a dramatic expansion of consumer borrowing, leading to a higher standard of living for many Americans.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What is earning interest on previously earned interest called?
Answer:
Compounding. Earning interest on previously earned interest plus the principal amount.
Explanation:
Earning interest on previously earned interest is called compounding. Thus, compounding is the correct term for this definition.
It refers to the process of reinvesting the accumulated interest back into the initial principal amount, allowing for exponential growth over time. With each compounding period, the interest is calculated not only on the original principal but also on the interest earned in previous periods.
This compounding effect leads to the gradual growth of the investment or savings. Compounding is a powerful concept in finance and can significantly enhance the growth of investments or savings over the long term. It is a key factor in various financial instruments such as savings accounts, bonds, and investment portfolios.
Thus, earning interest on previously earned interest is called compounding.
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What does it mean to underwrite a share issue?
Explanation:
What does it mean to underwrite a share issue
Which one of the following statements is correct?
a. Cost can be controlled only by those who are managing the project
b. Cost can be controlled only by those who are managing the project risk
c. Cost can be controlled only by those who are doing the spending
d. Cost can be controlled only by those who are doing the work
The correct statement is "Cost can be controlled only by those who are doing the work." Option D.
This statement reflects the principle of responsibility assignment in project management, according to which each team member is accountable for their task or activities.
Cost management is a crucial aspect of project management, which requires the involvement of the entire project team, not just the managers.
Therefore, team members who are responsible for carrying out the activities are required to be cautious in their approach to carrying out the assigned task to control the cost and keep it within the allocated budget. It is essential for them to understand the scope of the work and execute it effectively and efficiently.
In conclusion, the statement "Cost can be controlled only by those who are doing the work" highlights the importance of assigning responsibility and accountability to the team members to ensure the cost of the project does not exceed the allocated budget.
Hence, the right answer is option D.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Question: Give an example of a patent in business.
Answer:
Examples of inventions protected by utility patents are a microwave oven, genetically engineered bacteria for cleaning up oil spills, a computerized method of running cash management accounts, and a method for curing rubber.
Explanation:
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What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen
Explanation:
If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.
Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.
What is a Checking Account:A checking account is known to be a kind of bank account that is often used by people as a deposit account.
The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.
Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.
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Which is a feature of debit cards?
a. They are a primary component of your credit score.
b. They can be used to pay off large purchases over time.
c. They provide direct access to your checking account.
d. They are the most secure form of payment.
A feature of debit cards is that c. They provide direct access to your checking account.
What are debit cards?A debit card is a card that allows you to access the money that you have in your checking account.
This means that when you spend on something using your debit card, it would be deducted directly from your checking account. This includes debit card costs as well.
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You may prevent shoulder surfing if you
To save you shoulder browsing, specialists advocate that people guard office work or their keypad from view with the aid of using the use of their frame or cupping their hand.
The required details for shoulder surfing in given paragraph
In pc security, shoulder browsing is a kind of social engineering method used to obtain statistics such as non-public identity numbers (PINs), passwords and different exclusive records with the aid of using searching over the victim's shoulder. Unauthorized customers watch the keystrokes inputted on a tool or concentrate to touchy statistics being spoken, which is likewise regarded as eavesdropping. This assault may be completed both at near variety (with the aid of using immediately searching over the victim's shoulder) or from an extended variety with, for instance a couple of binoculars or comparable hardware. Attackers do now no longer want any technical abilities for you to carry out this method, and eager statement of victims' environment and the typing sample is sufficient. In the early 1980s, shoulder browsing became practiced close to public pay telephones to thieve calling card digits and make lengthy-distance calls or promote them within side the marketplace for less expensive charges than the authentic client paid.
However, the arrival of cutting-edge technology like hidden cameras and mystery microphones makes shoulder browsing less complicated and offers the attacker extra scope to carry out lengthy variety shoulder browsing.
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How would you summarize this specific course section that you have just completed? imagine you are describing it to someone and want to encourage them to take it. business foundation
You acquire information, abilities, and experience that will benefit you in both your work and general life.
What does it mean that you as a student should be aware of the course's relevance?
All students need to comprehend why a course's material important, regardless of whether they are merely studying it to fulfill a requirement or because they find it intriguing. This influences their comprehension of how this course links to other knowledge and abilities, as well as their motivation.
What factors do you consider when choosing the best course for you?
The first step in deciding which course to take is to identify your interests and hobbies, but you also need to consider what you have to offer. You must consider whether or not your abilities and expertise are relevant to the program you want to pursue before making your decision.
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when project managers analyze tasks involved in completing a project, estimate time needed for each task and estimate the minimum time needed to complete the project, they are applying what tool to operations management?
They are using the operations management tool, Program Evaluation and Review Technique (PERT).
Program Evaluation and Review Technique (PERT): what is it?
A graphical representation of a project's timeline, known as a program evaluation review technique (PERT) chart, lists each individual task required to complete the project. Because it shows task dependencies, the PERT chart is frequently referred to as the Gantt chart as a project management tool. A PERT chart, however, might be more challenging to understand.
A PERT chart is made by a project manager to analyze all of the project's tasks and determine how long it will take to complete each one. The project manager can calculate the minimum amount of time needed to finish the entire project using this information.
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Calculating Present Value of a Savings Fund [LO3-4] You want to establish a savings fund from which a community organization could draw $940 a year for 40 years if the account eams 6 percent, what amount would you have to deposit now to achieve this goar? (Exhaib L.A. Exhibit f-8. Exhilititi, Exhibit 1.D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places.
The amount that would be required to deposit now to achieve this goal is $16,150.48.
Present Value of a Savings Fund: The amount that would be required to deposit now to get a future payment with a specified interest rate is called the Present Value of a Savings Fund. If a person wants to create a savings fund from which a community organization could draw $940 per year for 40 years and earns a 6% interest rate, he/she will need to find the present value of the savings fund to achieve this goal. This problem requires us to calculate the present value of an annuity.
An annuity is a sum of money that is paid at fixed intervals for a specified number of periods. A present value of an annuity is a lump sum that represents the current value of a stream of equal payments to be made at regular intervals over a specified period at a fixed interest rate.
The present value of an annuity can be calculated using the formula:
Present Value of an Annuity = A x PVIFA(i, n)
Where A = Amount of each annuity payment, i = Interest rate, n = number of payments
To find the present value of a savings fund in this case, the calculation involves the following: A = $940i = 6% compounded annually
n = 40 years We need to use the present value of an ordinary annuity table PVIFA(6%, 40) to find the present value of the annuity factor which is 17.212.
Therefore, the present value of the savings fund is:$940 x 17.212 = $16,150.48.
Therefore, the amount that would be required to deposit now to achieve this goal is $16,150.48.
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Part A Include an equals approach in each the CreditCard and DebitCard lessons to examine gadgets.
Part B - Wallet magnificence Write a category referred to as Wallet to save statistics approximately the present day country of a pockets. A pockets has special cubicles for the greenback payments, free alternate, credit score / debit playing cards and ID playing cards.
Data Members have to include: • Amount of coins - preserve song of fee of greenback payments and fee of alternate separately. • Array of ChargeCards – it may include each CreditCards and DebitCards. • Array of ID playing cards – this will be definitely an array of Strings. It’s as much as you the way to save this statistics.
Methods have to include: • at the least constructors • accessor, mutator methods • TotalCashOnHand - overall fee of greenback payments and alternate • TotalCanSpend - consists of each coins and quantity that may be spent on credit score / debit playing cards. • a technique that tells you what number of ID Cards are withinside the pockets • a technique that tells you what number of credit score / debit playing cards are withinside the pockets • a technique that helps you to upload a credit score / debit card to the set • a technique to append an ID card to the set • toString approach - have to delegate to CreditCard magnificence to print statistics approximately every credit score card and DebitCard magnificence to print statistics approximately every debit card.
Remember to preserve the layout paradigms of records hiding and encapsulation in thoughts as a whole lot as feasible. Delegate responsibilities to the factor lessons (of ChargeCard, DebitCard, CreditCard) every time you can.
Perform enter validation as appropriate.
Part C - Menu Driven Program Write a menu-pushed application that lets in the person to have interaction with a unmarried Wallet object.
1. Print all statistics approximately Wallet. [This should call the toString method of the Wallet class.]
2. Add a Credit Card. [Prompt the user for information about the Credit Card]
3. Add a Debit Card. [Prompt the user for information about the Debit Card.]
4. Add an ID Card. [Prompt the user for information about the ID card.]
5. Add Cash. [Prompt the user for the value of additional coins or dollar bills.]
6. Make a purchase. [Should ask for purchase amount. Then let the user choose whether to pay with cash or charge card. If cash, make sure there is sufficient cash in the wallet to cover the purchase, and then deduct accordingly. If charge card, there should be a submenu in which the user chooses a card from the list to use. Then the system should check that the card can be used for that purchase, i.e., that there are sufficient funds available on that card, and actually process the purchase on the selected ChargeCard.]
Part D Use an ArrayList to save the units of ChargeCards and ID playing cards withinside the Wallet. Incorporate those adjustments to your menu-pushed application in order that the person can save an infinite wide variety of playing cards withinside the Wallet.
Part E The debit and credit score playing cards have to put into effect the Comparable interface. This manner the listing of playing cards may be looked after earlier than they're exhibited to the person. You can use the Collections.type approach to type an ArrayList.
It is as much as you to determine how the gadgets have to be compared. The fields that appear significant for ordering gadgets are ID wide variety and present day balance. It is as much as you to determine whether or not the interface have to be applied withinside the ChargeCard magnificence or in every of the subclasses.
Extra credit score: 1. Add extra capability in your primary application in order that the person can get rid of an ID card or debit / credit score card from the Wallet. Let the person choose the cardboard he would really like to get rid of. This is feasible given that they're saved in ArrayLists and an ArrayList can develop and reduce as necessary.
2. Design a GiftCard magnificence that still extends ChargeCard and combine it withinside the Wallet magnificence. Gift playing cards come preloaded with a selected sum of money and the person can by no means spend greater than that predetermined quantity.
The task requires implementing classes and methods related to a wallet, including storing information about cash, credit/debit cards, and ID cards.
To complete the task, you need to implement several classes, including Wallet, Credit Card, Debit Card, and ID Card. The Wallet class will have data members such as the amount of cash, arrays of Charge Cards and ID cards, and methods for calculating total cash on hand, total spendable amount, and adding cards. The menu-driven program will allow users to interact with a Wallet object by selecting various options. The program should display wallet information, add credit/debit cards, add ID cards, add cash, and make purchases. Additional functionality, such as removing cards and implementing a Gift Card class, can be implemented for extra credit.
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Which of the following is not a primary responsibility of the Federal Reserve (Fed)? a. Maintain full employment b. Maintain fair practices between securities dealers. c. Maintain sustainable long-term economic growth d. Maintain price levels that are supported by economic growth
The correct answer is c. Maintain sustainable long-term economic growth. The primary responsibility of the Federal Reserve (Fed) is to promote maximum employment, stable prices, and moderate long-term interest rates.
Maintaining sustainable long-term economic growth is not a primary responsibility of the Fed. The Fed does not have the authority to set economic growth targets or manage the overall growth rate of the economy. However, the Fed can take actions that promote sustainable economic growth, such as implementing monetary policies that support business investment and consumer spending.
The other options listed are also not primary responsibilities of the Fed. Maintaining fair practices between securities dealers is the responsibility of the Securities and Exchange Commission (SEC), while maintaining full employment is the responsibility of the Department of Labor and other government agencies.
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When Julie, the marketing executive for Hope Springs, determined that market segments existed with sufficient disposable income to pay a premium for bottled water, she determined this by examining _____ forces.Answer is economic
Julie came to this conclusion by looking at the demographic forces.
Julie is researching social economic statuses in a society to determine whether there is a market segment with enough money to purchase a premium bottled water. This allows her to pinpoint the ideal group for the bottled water. After identifying it, she can now decide to create a value proposition that would appeal to consumers.
Marketers refer to the features of a population that might be exploited to affect the success of a business or commercial endeavour as the "demographic environment."
Age, sex, income, level of education, and employment are the most crucial demographic aspects for a firm.
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I need help with a class on e2020 the class is College and Career readiness need help fast
Answer:
what's your question on it?
sodexo, a leading food and facilities management services company in north america, deals primarily in the areas of serving
Sodexo, a leading food and facilities management services company in North America, deals primarily in the areas of serving corporate facilities management services.
What is Sodexo?Sodexo is company based in North America serving 100 million customers per day in 53 countries by means of special food cuisine, facilities management, employee benefits, and personal home services.
Some of the major services provided by Sodexo are Corporate facilities management services, Food delivering at work & business catering, employee and guest services such as visitor and concierge services, digital transformation services for corporate, social responsibilities services.
Thus Sodexo group is a leading service provider in food and facilities management services company in North America.
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Please help....
48 ABM students were included in the entrance interview of college. 3/4 of them decides to take Accountancy. If 1/4 of the remaining students opted for Entrepreneurship and the rest will take management courses, how many students will take each course?
Answer:
ok so started with 48 total students then 3/4 takes accountancy so you do 48×3/4 which is 36 so 36 take accountancy leaving 12 students left then 1/4 do entrepreneur so 12×1/4 so 3 students take Entrepreneur leaving 9 students left to take management cources
36 students take accountancy, 3 students take Entrepreneurship, and 9 students take management courses.
Given that,
There are 48 students involved in the entrance interview.Three-fourth take accountancy i.e. (3 ÷ 4 × 48) = 36One-fourth of the remaining opted for Entrepreneurship i.e. (48 - 36) × 1 ÷ 4 = 3And, the remaining take the management courses i.e. (48 - 36 - 3) = 9.Therefore we can conclude that 36 students take accountancy, 3 students take Entrepreneurship, and 9 students take management courses.
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Categorize each characteristic as belonging to either a direct or an Indirect recommendation report.
lists evidence first
lists evidence last
likely to be difficult
to get approval for
likely to be easy to
get approval for
Direct Recommendation Report Indirect Recommendation report
Direct Recommendation Report: Lists evidence first, likely to be difficult to get approval for. Indirect Recommendation Report: Lists evidence last, likely to be easy to get approval for.
In a direct recommendation report, the characteristic of listing evidence first is common. This approach allows the reader to review the supporting evidence before reading the recommendations.
This structure is often employed when the recommendations are straightforward and expected to receive favorable approval. In such cases, the evidence serves as support for the recommendations and helps build a persuasive case.
On the other hand, an indirect recommendation report tends to list evidence last. This approach presents the evidence after the recommendations have been proposed. The intention is to first capture the reader's attention with the recommendations and then provide the supporting evidence.
Indirect recommendation reports are typically used for more complex or controversial recommendations that may face resistance or require additional justification. The evidence is presented as a means to back up the recommendations and address any potential concerns or objections raised by the reader.
Consequently, these reports may be more challenging to obtain approval for due to the nature of the recommendations and the need to persuade the decision-makers.
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in a highly competitive industry, what are the likely consequences of a firm neglecting its current core competencies?
Neglecting a firm's current core competencies can have several consequences in a highly competitive industry: Loss of market share, Decreased profitability and Decreased customer satisfaction.
Loss of market share: If a company fails to invest in its core competencies, it may lose its competitive advantage and struggle to retain its market share. Competitors who are investing in their core competencies and innovating may attract customers away from the neglected firm.
Decreased profitability: Neglecting core competencies can lead to decreased efficiency, quality, and productivity, which can result in decreased profitability over time.
Decreased customer satisfaction: A decline in the quality of products or services can lead to decreased customer satisfaction, which can harm the company's reputation and reduce the likelihood of repeat business.
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