To find out if controls upstanders policies and processes, an IS auditor is performing a compliance test. The test will help the auditor: verify that the rule is functioning as intended.
What does an auditor do?The auditor's or reviewer's responsibility is to provide a professional opinion on these financial information. An organisation's financial report can be reviewed or audited to improve member accountability and guarantee that all money received by the group have been properly accounted for.
Is an auditor also a CPA?An auditor is a specialist type of accountant who examines financial statements and confirms the accuracy of other accountants' work. Auditors primarily operate in two contexts:
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when a firm offers a list price reduction to channel members for the job they are going to do, they are offering what is known as a .
While a firm offers a listing fee discount to channel contributors for the activity they may be going to do, they're supplying what is known as a Trade (functional) discount.
A trade discount is a discount given by a seller to a buyer for purchasing goods in large quantities or at regular intervals. It is usually offered as a percentage of the list price and is often referred to as a functional discount. Trade discounts are typically offered to retailers, wholesalers, and other commercial buyers as an incentive to purchase more of the seller’s products.
They are also used to reduce the amount of money the buyer needs to pay, thereby improving the buyer’s profit margins. Trade discounts can also be used to encourage buyers to purchase a certain product, or to reward them for their loyalty. Generally, the more buyer orders, the higher the trade discount they receive.
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Because double-declining balance depreciation recognizes depreciation expense faster than straight-line, it is called a(n) ____ method.
The double-declining balance depreciation method is an accelerated depreciation method.
What does Double declining balance means?
Double declining balance is an accelerated depreciation method for calculating an asset's depreciation expense over its useful life. It is a depreciation method in which the asset's book value is multiplied by a fixed rate that is twice the straight-line rate. This means that the first year's depreciation expense is greater than subsequent years.
What does fixed rate mean?
A fixed interest rate is one that does not change over the life of a loan or other financial obligation. This means that the interest rate on the loan or other obligation will remain constant regardless of how long it is outstanding.
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thomas longbow is the only employee of presido, incorporated during the first week of january, longbow earned $2,000.00 and had federal and state income tax withholdings of $100.00 and $37.50, respectively. fica taxes are 7.65% on earnings up to $132,900. state and federal unemployment taxes for the period are $125.00 and $20.00, respectively. what is presido's payroll tax expense for the week?
Presido's payroll tax expense for the week is $282.15.
What is tax?Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. The two most common types of taxes are income taxes and sales taxes. Income taxes are based on the taxpayer’s income and are typically paid annually. Sales taxes are based on the purchase price of goods and services and are typically paid at the time of purchase. Other taxes, such as property taxes, are based on the value of property owned by the taxpayer and are typically paid annually.
Taxation is an important source of revenue for governments, enabling them to fund public services and meet their financial obligations
This includes the federal and state income tax withholdings of $100.00 and $37.50, respectively, as well as the FICA taxes of $45.15 (7.65% of $2,000), the state unemployment tax of $125.00, and the federal unemployment tax of $20.00. The total payroll tax expense can be calculated as follows:
$100.00 (federal income tax withholdings) + $37.50 (state income tax withholdings) + $45.15 (FICA taxes) + $125.00 (state unemployment tax) + $20.00 (federal unemployment tax) = $282.15
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a bond has a macaulay duration of 4.0, a yield to maturity of 4.5%, a coupon rate of 5.0%, and semiannual interest payments. what is the bond's modified duration?
The correct answer is 3.91 years. Modified Duration = 4.0 / (1 + (.045/2)) = 3.91 years.
What are bond markets?The bond market is a financial market where players can buy and sell debt securities as well as issue new debt, often known as the primary market.
For both public and private spending, this is typically in the form of bonds, but it may also take the shape of notes, bills, etc.
According to SIFMA, the bond market is expected to be worth $119 trillion globally and $46 trillion in the US.
Bank loans and bonds together make up the credit market. In total, the global credit market is almost three times larger than the global equity market.
Bonds often have stricter regulations. Bonds are often sold in relatively small denominations of $1,000 to $10,000 and are not typically secured by security.
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quizlret gdp is adjusted to reflect changes in the quality of the environment such as changes in air and water quality. true false
This announcement is false. GDP is adjusted to mirror changes in the great of the surroundings such as adjustments in air and water quality.
To determine “real” GDP, its nominal fee ought to be adjusted to take into account fee modifications to permit us to see whether or not the fee of output has gone up due to the fact more is being produced or honestly because expenditures have increased.
Which GDP is adjusted for rate changes?The gross domestic product implicit charge deflator, or GDP deflator, measures changes in the expenses of goods and services produced in the United States, including those exported to other countries. Prices of imports are excluded.
How regularly is GDP adjusted?BEA estimates the nation's GDP for each year and each quarter. But new GDP records are launched each and every month. Why? Because for each quarter, BEA estimates GDP three instances
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in a closed economy government spending was $30 billion, consumption was $70 billion, taxes were $20 billion, and gdp was $110 billion this year. investment spending was $10 billion. as a result:
A $10 billion net influx of capital.
Describe net capital.The gap between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.
Briefing
Given that,
Government spending = $30 billion,
Consumption = $70 billion,
Taxes = $20 billion,
GDP = $110 billion
Investment spending = $10 billion
Y = Consumption + Investment spending + Government spending
= (Consumption - Taxes) + $10 billion + $30 billion
= ($70 billion - $20 billion) + $10 billion + $30 billion
= $50 billion + $10 billion + $30 billion
= $90 billion
Due to the fact that GDP is bigger than income (Y). Consequently, there has been a net influx of capital:
= GDP - Y
= $110 billion - $90 billion
= $20 billion
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m.j. is graduating from college soon and prefers a work environment in which there are a lot of management levels, a clear hierarchy or chain of command, and most people have levels of expertise in their jobs. what type of organization should m.j. try to find in a new job?
M.J. should look for a job in a Mechanistic organization.
What are the different types of organization?
1. Sole Proprietorship: A sole proprietorship is a business owned and run by one individual with no distinction between the business and the owner.
2. Partnership: A partnership is a business formed by two or more people who share ownership and management of the organization.
3. Corporation: A corporation is a business structure formed by a group of people and given legal status as an entity separate from its owners.
4. Limited Liability Company (LLC): An LLC is a business structure that combines the limited liability benefits of a corporation with the flexibility and simplicity of a partnership or sole proprietorship.
5. Nonprofit: A nonprofit is a type of organization that is formed to pursue a charitable, educational, religious, or other public benefit purpose.
A mechanistic organization is one that is highly structured and hierarchical, with a clear chain of command and well-defined roles and expectations for each employee. This type of organization emphasizes stability and control, as well as clear job responsibilities and rules. It is ideal for individuals who like a highly structured environment and a clear hierarchy. For these reasons, M.J. should try to find a job in a mechanistic organization.
Hence, mechanistic organization is the answer.
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greg prepares a financial statement for his business, listing the company's current assets, fixed assets, and the debts that are owed to suppliers and lenders. what document is greg preparing for his business?
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.
What is a Balance Sheet?A balance sheet is a financial statement that lists a company's assets, liabilities, and shareholder equity as of a particular date. For calculating investor return rates and assessing a company's capital structure, balance sheets serve as the foundation.
A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment. In order to do fundamental analysis or determine financial ratios, balance sheets can be employed alongside other significant financial accounts.
One of the three essential financial statements used to assess an organization is the balance sheet. It gives a quick overview of a company's financial position (including it assets and liabilities) as of the publication date.
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on december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,200; allowance for doubtful accounts, credit balance of $961. what amount should be debited to bad debts expense, assuming 5% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
The bad debt expense is of the company for the current year is $ 1,941.
What is bad debt?A bad debt, also known as uncollectible accounts expense, is a sum of money owed to a creditor that is likely not going to be paid and for which the creditor is not willing to take action to collect for a range of reasons, frequently because the debtor does not possess the money to pay, for example because a company is going out of business or is insolvent. There are a variety of technical definitions of what a bad debt is, depending on accounting procedures, legal management, and the institution providing. Accounting sources state that a provision for bad debts or the full amount of a bad debt should be recorded in the profit and loss account as soon as it is known that it will occur.
Dr Bad Debt Expense $ 1,941
Cr Allowance for Uncollectible Accounts $ 1,941
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limited by such organizational constraints as time, information, resources, and her own capacities. this is known as:
The Psychological Selection Model: Bounded Rationality describes how they are constrained by organizational limitations including time, knowledge, finances, and their individual mental capacity.
What does a problem constraint mean?Constraints are logical requirements that an optimization problem's solution must meet. They are an accurate reflection of actual restrictions on available resources, market potential, and manufacturing base. You must first determine the value of value using the components before you can construct a constraint.
What kind of limitation is this, exactly?For instance, a financial limitation restricts you to a different project budget, whereas a time constraint requires you to finish your project by a certain date. Constraint management is essential for project success since the majority of project restrictions have mutually reinforcing effects.
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The complete question is-
This notion recognizes that people cannot know everything; they are limited by such organizational constraints as time, information, resources, and their own mental capacities.
last week you welcomed a new employee into your unit. over the past week you have determined that he has not been well trained and has very little experience in the field. based on what we learned from behavioral leadership theories, what would be the most effective approach to leading in this situation?
The most successful behavioral leadership style is regarded as sound leadership. Usually, it is challenging to put it into practice.
Explain about the sound leadership?In addition to teaching your student leaders problem-solving techniques through the use of situational questions and self-evaluation worksheets, Sound Leadership offers measures to prevent problems by creating clear communication and plans.
Positive leaders embody who they truly are in front of their teams. They act with integrity and express what they mean. Sharing both their strengths and shortcomings with others demonstrates authenticity in a leader's interactions. They act in accordance with the personal convictions that drive them.
By establishing clear communication and plans, as well as by fostering problem-solving abilities, sound leadership offers solutions to avoid difficulties. Autocratic, democratic, and laissez-faire are the three different types of leadership in business.
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A_____occurs when there is only one company that sells a product in a given market. when competitors agree to sell a product for the same price instead of competing, this is called a____. both monopolies and trusts reduce____, which results in increased for consumers.
A market situation where one business controls all of the market share and the prices and output is referred to as a monopoly.
How Does a Monopoly Work?A monopoly is a market arrangement where one producer or seller holds a disproportionate amount of power within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and impede competition.A market arrangement known as a monopoly has just one seller or producer.A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market.Monopolies may result in dishonest business practices.Government regulations apply to certain monopolies, such as those in the utility industry.A company that enjoys monopoly status lacks substitutes for its goods and faces little internal competition. Monopolies have the power to set prices and erect obstacles to entry for rival businesses.Rarely do pure monopolies exist, but when they do, antitrust rules do apply when some corporations control a sizable amount of the market.To learn more about Monopoly refer to:
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Answer:
Monopoly, trust, competition, prices
Explanation:
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hich practices are regulated by federal laws, in terms of a salesperson's ability to telephone potential customers?
The broad and permanent rules that the executive departments and agencies of the federal government publish in the Federal Register are codified in the Code of Federal Regulations (CFR).
The 50 titles indicate the major categories covered by federal regulation. The government controls company operations in five key areas: advertising, labour, the influence on the environment, privacy, and health and safety. A Federal Regulations is a list of requirements made by a federal government departments to implement a piece of legislation that Congress has approved. For instance, the Federal Reserve Board has produced regulations over the years to aid in the implementation of statutes like the Dodd-Frank Act.
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quixlet if a tax did not induce buyers or sellers to change their behavior, it would not cause a deadweight loss. true false
The statement, " If a tax did not induce buyers or sellers to change their behavior, it would not cause a deadweight loss." is true.
A deadweight loss is the price of market inefficiency, which develops when supply and demand are out of equilibrium. A deficit caused by an inadequate allocation of resources is referred to as "deadweight loss," a terminology mostly used in economics. Price ceilings like price limits and rent limitations, price floors like minimum wage and living wage laws, and taxation can all lead to deadweight losses.
Because the ultimate price of the product is higher than the equilibrium market price, taxes also result in a deadweight loss because they discourage consumers from making purchases they would otherwise make. When taxes on a product increase, the burden is frequently shared by the producer and the consumer, resulting in a loss of profit for the producer and an increase in price for the consumer.
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Which strategy benefits from upside price movement and has some protection should the price of the security fall?.
The Bull Spread strategy benefits from price movement to the upside and provides some protection if the security price falls. Thus, the correct answer is Bull Spread.
What is Bull Spread?A bull spread is a bullish vertical spread options strategy meant to profit from a slight rise in the underlying security's price. Because of put-call parity, a bull spread can be built using either put or call options. It is a bull call spread when built with calls. A bull put spread is formed by employing puts. A bull put spread is created by selling higher strike put options and purchasing the equivalent amount of lower strike put options on the same underlying securities with the same expiration date. The options trader adopting this approach believes that the underlying security's price rises sufficiently to make the written put options worthless.
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what percentage of shoplifters are considered professionals who derive the majority of their income from shoplifting
10% of shoplifters are thought to be professionals who rely on theft for the majority of their revenue.
Why do individuals shoplift?People may shoplift for a variety of reasons, the majority of which have nothing to do with a shortage of funds or a requirement for the item being taken, according to Psychology Today. An addiction to stealing and a mental illness that promotes the activity are two frequently cited causes. People may, for instance, struggle to restrain themselves from grabbing something if they have an impulsive problem. A brain injury or other sort of brain damage is another reason why someone might not understand or even be aware that taking something without paying for it is wrong.
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an announcement of changes in business services should be organized using the direct strategy. a. true b. false
an announcement of changes in business services should be organized using the direct strategy- true.
business servicesFirm services are different operations and activities that assist a business run smoothly despite the fact that no physical product is delivered. Information technology is an example of a business service that supports many other business services such as procurement, finance, and shipping. In today's world, the majority of trades are interested in these exclusive services, which cover a large portion of the industry.
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in economic systems, which kind of decisions must be made about productive resources? responses allocation allocation growth growth protection protection sustainability sustainability
In economic systems, allocation kind of decisions must be made about productive resources. Option A
What are economic systems?Generally, An economic system is a method that communities or governments use to organize and distribute the resources, services, and products that are accessible within a geographic area or nation.
The elements of production, which might include land, capital, labor, and physical resources, are controlled by the economic systems that run the world.
An economic system, also known as an economic order, is a structured method of production, the distribution of resources, and the exchange of goods and services that exists within a community or a specific geographical region.
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in evaluating the effectiveness of a business-to-business advertising program, the manager should center on
The manager should focus on the following when determining whether or not a business-to-business advertising program is successful: changes in the product awareness of the target audience.
The fact that the budget is not determined by previous sales figures or marketing expenditures, nor is it determined by what other businesses are doing, is the primary benefit of the objective task method. Instead, it keeps spending focused on the main goals of the business.
Which part of the customer interface is which?
The customer-collected information and the degree to which this information is utilized to enhance the customer's value are referred to as the following aspects of customer interface: insight and information.
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suppose your refrigerator uses 300 w of power when it's running, and it runs 8 hours a day. what is the yearly cost of operating your refrigerator?
If our refrigerator uses 300 w of power when it's running, and it runs 8 hours a day than the yearly cost of operating at Rs.4.00 per kWh will be Rs. 3504.
Power of refrigerator =300W=0.3kW
Total operation hours 8×365=2920h
Work done or total electrical energy (W)=0.3×2920=876kWh
Total cost of energy to operate =Rs.(876×4.00)=Rs.3504
1 kWh is equal to 3 600 000 joules.
Yearly cost of operating is the continued expenses incurred from the traditional daily of running a business. in operation prices embody each prices of products sold (COGS) and alternative in operation expenses—often referred to as marketing, general, and body (SG&A) expenses.
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suppose your refrigerator uses 300 w of power when it's running, and it runs 8 hours a day. what is the yearly cost of operating your refrigerator at Rs.4.00 per kWh?
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historical cost is the primary basis for asset valuation under u.s. gaap. why is historical cost not as important in the accounting systems of latin america as in the u.s.?
The countries of Latin America have experienced very high rates of inflation, which would make historical costs meaningless to readers of financial statements.
What is historical cost?
Historical cost is an accounting principle which requires that assets be recorded on the company's balance sheet at their original cost. This cost is usually determined by the price paid at the time of purchase and may include the cost of shipping, taxes, and other fees. Historical cost is the most common method used to value assets, and it is considered the most reliable in terms of accuracy and consistency. It is also the basis for calculating depreciation and amortization. This method of accounting is used because it is considered to be the most reliable, as it is based on actual costs.
Historical cost is not important in the accounting systems of Latin America as in the U.S as many countries of Latin America has experienced high inflation rates which makes prices unstable and thus historical costs prove to be meaningless to readers of financial statements.
Hence, historical cost not as important in the accounting systems of Latin America as in the U.S is because of high rates of inflation in Latin America.
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rically, demand has averaged 8321 units with a standard deviation of 109. the company currently has 8332 units in stock. what is the service level?
The service level for the units of goods is 53.983%.
Service level describes, typically in measurable terms, the services provided by a network service provider to a customer over a given time period. Service level is a call center metric that measures the percentage of incoming calls that an agent answers live in a given amount of time.
A system's performance is measured by its service level. Certain goals are defined, and the service level indicates the percentage of those goals that should be met. The fill rate varies depending on the service level. Service level examples: The proportion of calls answered in a call center.
Mean Demand = 8321
Standard Deviation = 109
In Stock = 8332
Z value will be:
= In stock - Mean Demand / Standard deviation
= (8332 - 8321) / 109
= 0.1
For Z = 0.1, Service level = a little less than 55% since for 55% service level, Z value = 0.13.
Hence, the answer is 53.983%.
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What term BEST describes the measure of how many customers remain loyal to a company as opposed to taking their business to a company's competitors?
O A.
O B.
O c.
○ D.
customer retention
prospecting
BANT
collaborative selling
Answer: d The Customer Loyalty Index (CLI)
Explanation:
why it is because the customer churn rate to the business in the company also like
affinity, attachment and trust.
A system of shared beliefs and values that develops within an organization and guides the behavior of its members is called organizational ______.
A. attitude
B. demeanor
C. policies
D.culture
During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week
During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week and this is called fixed salary.
What is the fixed salary about?If Sid is paid on salary, it means that he is paid a fixed amount each month regardless of how many hours he works. Therefore, the number of hours he works each week would not affect his pay.
If Sid is paid an hourly wage, then the number of hours he works each week would affect his pay.
For example, if Sid's hourly wage is $20 and he worked 35 hours the first week, 40 hours the second week, 40 hours the third week, and 45 hours the fourth week, his total pay for the month of March would be $20 x 35 hours
= $<<2035 =700>>700 for the first week,
$20 x 40 hours = $<<2040=800>>800 for the second week,
$20 x 40 hours = $<<2040=800>>800 for the third week,
$20 x 45 hours = $<<2045=900>>900 for the fourth week,
For a total of $700 + $800 + $800 + $900 =
$<<700+800+800+900=3200>>3200 for the month of March.
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During the month of march, Sid, paid on salary, worked 35 hours the 1st week, 40 hours the 2nd week, 40 hours the 3rd week and 45 hours the 4th week. What is this called
if fixed costs were 20 instead of 12, how would that change affect average variable costs and marginal costs
if fixed costs were 20 instead of 12, how would that change affect average variable costs and marginal costs? in reality this would not change
Production costsVariable costs are those costs that can vary depending on the amount of goods or services that a company produces. This means that the higher the volume of production, the higher the value of variable costs
Marginal costs represent the increase in production costs due to the production of more units of a product. It is also known as the marginal cost of production, calculating marginal costs allows companies to see how the volume of production affects costs and therefore profits.
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trueblue uses an mbo program for its performance reviews. ranelle, the manager, and louis, the subordinate, are working through that process. ranelle has listed her goals and metrics for louis, and louis has proposed his own goals and metrics. what is the next step in the process? group of answer choices review organization performance reach mutual agreement on goals and metrics delete inappropriate goals and metrics complete an interim review
True Blue conducts its performance evaluations using an MBO methodology. Louis, the subordinate, and manager Ranelle are navigating that procedure.
Working through that procedure are Rane, the manager, and Lou, the employee. Rane provided Lou with a list of objectives and indicators, and Lou put forth personal objectives. Blue conducts its performance evaluations using an MBO methodology. Louis, the subordinate, and manager Ranelle are navigating that procedure. Rating systems In this method, the scale on which a rater marks the level to which an employee possesses each trait or characteristic is a representation of each trait or feature to be evaluated. The simplest and most widely used method for evaluating employee performance is this one. With this strategy, managers must rank a certain proportion of their personnel as below average.
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during tough economic times, customers are happy when firms extend for purchases.
During tough economic times, customers are happy when firms extend credit for purchases.
What is credit?Credit can be understood as a person's or business's ability to pay back debts or credit history. A change to a company's balance sheet lowers its assets or raises its liabilities or equity.
Credit is a relationship between a borrower and a lender. The borrower borrows money from the lender. The borrower pays back the money at a later date along with interest. Credit cards are the most common way to buy something on credit right now.
This adds a middleman to the credit agreement.
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a property manager is asked to install a new spa on the premises. the expense of the new spa would be considered:
A property manager is asked to install a new spa on the premises. the expense of the new spa would be considered capitalized item.
A property manager is a person who is responsible for the management of a property, such as an apartment building, office complex, or shopping center. The property manager is responsible for the day-to-day operations of the property, such as overseeing maintenance and repair work, collecting rent, and dealing with tenant issues.
Property managers must have excellent customer service and communication skills, as they will be dealing with tenants on a daily basis. They must also be able to handle difficult situations, such as evictions and lease violations.
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which outsourcing organizations should protect strategic information because it can become vulnerable
Suppliers are businesses or people who offer procurement services. Organisations should safeguard strategic information while outsourcing since it may be at risk in the hands of providers.
What is an example of outsourcing?The best instances of outsourcing are in advertising, workplace and warehouse housekeeping, and website creation. The majority of business owners assign control to outside professionals for tasks like bookkeeping, maintenance, and hiring. This enables businesses to concentrate the majority of the resources on the primary operation.
How is outsourcing carried out?Business Process Outsourcing is another name for outsourcing (BPO). This is the procedure you go through when you hire a local or foreign company to manage your business operations.
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