Describe the overall objective of internal controls. Identify 3 internal control risks of a landscape business (e.g., theft of assets…), and a possible solution to mitigate those risks (e.g., locks).
What will be an ideal response?
Variety of answers expected:
a) Cash improprieties: reconcile bank account on a monthly basis to review transactions
b) Business use of assets: maintain log of asset use
c) Safety risk: develop safety plan, include proper use of equipment
d) Segregation of duties: more than 1 person engaged in financial transactions
e) Safeguard assets: take periodic physical inventory
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Assume you have applied for two jobs A and B. The probability that you get an offer for job A is 0.23. The probability of being offered job B is 0.19. The probability of getting at least one of the jobs is 0.38. a. What is the probability that you will be offered both jobs?b. Are events A and B mutually exclusive? Why or why not? Explain.
What will be an ideal response?
If you must refuse a claim because the customer was at fault, which of the following might help maintain customer loyalty?
A) Explain the company policy and use that as the reason for the refusal B) Explain the reason behind the policy and refusal C) Be polite in stating the refusal D) Offer clear and reasonable alternatives E) Offer discounts on future transactions
The three forms of the efficient markets hypothesis are:
a. Weak, semistrong, strong. b. Slow, quick, instantaneous. c. Past, current, future. d. Private, semipublic, public.
Tipplers Delight is a liquor store that sells a wide assortment of alcoholic beverages. Tipplers Delight is an example of a__________
Fill in the blanks with correct word.