Describe a nonmanufacturing business that could benefit from the use of standards. Additionally, explain how standards would help that business control its operations.

Q: What is an agent, and what is a principal? Whatkinds of situations in companies give rise to…

A: Agent: The agent is the person authorized by the principal or business to act on behalf of them.…

Q: Explain the following in simple words or explanation: Would scenario planning cause the company to…

A: Scenario analysis or scenario planning is defined as the method that describes the strategic…

Q: What are the benefits to a company of maintaining and encouraging high ethical standards?

A: Ethical standards can be defined as the set of ethical principles followed by business organizations…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Also, explain how…

A:

Q: Business ethics is the study of problems and issues which involve ethical problems faced by…

A: Business ethics can be defined as the study of appropriate business practices that are associated…

Q: Some argue that having various organizations establish accounting principles is wasteful and…

A:

Q: Discuss the dangers of ignoring the impact of business decisions on the full range of stakeholders,…

A: In every business, decision-making is the most important thing for business continuity. Businesses…

Q: Business ethics is the study of problems and issues which involve ethical problems faced by…

A: Business ethics is a very important study that a business  organization must apply on its executers…

Q: Give reasons why WACC is important and examples where it is useful to a company

A: WACC is the rate of return that stakeholders expect for their investment in the firm. So, it helps…

Q: When is revenue recognized by service provider? By a merchandiser? By a manufacturer? Give examples…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: elevator pitch”

A: An elevator pitch may be a transient, persuasive speech that you simply will use to spark interest…

Q: The IESBA Code of Ethics for Professional Accountants highlights a number of areas in which threats…

A: Advocacy threat refers to the threat which exists when the auditor is involved in promoting the…

Q: How would you define business ethics?

A: Business ethics: Business ethics is a practice of suitable commercial rules concerning possibly…

Q: Which of the following is not part of the definition of internal control? Separation of duties…

A: Explanation:

Q: An ethical problem may arise for a company expert who is trying to address the needs of people who…

A: A professional in the public eye have a duty to verify his clients' legitimacy. A public…

Q: What is meant by GAAP? Why should all companies follow GAAP in reporting to external users?

A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…

Q: Some argue that having various organizations establish accounting principles is wasteful and…

A: Given statement is: Some argue that having various organizations establish accounting principles is…

Q: What is the concept of apparent authority? Give an example of how it might crop up in the business…

A: Meaning of Apparent Authority :- Apparent authority arises when someone reasonably believes a person…

Q: Explain the operation of the contra proferentem rule. Is such a rule defensible in today’s business…

A: Contra proferentem rule: The rule of contra proferentem is a legal doctrine in contract law that…

Q: Research about the meaning of the culture of an organization. Explain how it is related to building…

A: Meaning of culture in an organization  : Culture is a value and belief that are followed by the…

Q: Explain how business ethics relate to internal control.

A: Internal control guarantees that management follows legal guidelines and sets the tone for the…

Q: Please describe a nonmanufacturing business that could benefit from the use of standards. Also,…

A: The non manufacturing business is the one that provides services and do not produce any physical…

Q: definition of business ethics?

A: Answer: Concept: Business ethics is also known as professional ethics.

Q: Why is it important for a company to operate cross-functionally?

A: Solution- Importance of cross-functional:  1-It is important for a company to operate…

Q: An internal control system is made up of all rules and processes that are used to safeguard assets,…

A: Here is the Answer

Q: Which of the following is true of internal​ control?         A. Internal control procedures tend to…

A: Internal control  is implemented  in organizations  by management

Q: Which of the following term is related to the compliance of business ethics? O a. Public image O b.…

A: The entity needs to comply with their business ethics for long term growth and focus on both…

Q: Is  a rule of Contra Proferentum defensible in today’s business environment? Explain with example

A: Meaning: It is a legal doctrine in contract law which states that any clause considered to be…

Q: Why is ethical behavior important to business?

A: Ethics: Ethics is a system of acceptable beliefs to control behavior and activities that are…

Q: How could the presentation  of financial information  pose an ethical dilemma to a business…

A: A professional in public has a responsibility to legitimate his clients. The ethical codes do not…

Q: What are the basic code of ethics for an Accountant working in a Multinational Company? What could…

A: A Professional Accountant is required to comply with the following fundamental principles : A.…

Q: Why are internal accounting controls important to a business? What are advantages vs. the…

A: Internal control refers to a systematic procedure to be followed by the personnels of a company to…

Q: When it comes to the smooth running of a company, what role does an auditor play? Using relevant…

A: For smooth running of the organisation the auditor must ensure that the company is complying with…

Q: Fully explain how the profits of firms with agents that operate their own equipment compare with the…

A: Operates of equipment for the own and which was incurred for the agent are different in the concept…

Q: Please describe a nonmanufacturing business that could benefit from the use of standards. Also,…

A: When nonmanufacturing activities repeat and result in a homogeneous product, standards may be used.…

Q: Business is a sub- system of Society‟. Which of the following option supports this claim? Choose…

A: Corporate Social Responsibility is a management concept whereby companies integrate social and…

Q: Public accounting businesses may achieve adequate professional standards only if they have an…

A: It is only through implementing efficient quality control and monitoring system that public…

Q: Which of the following is not an area where the Internet is used for business purposes?

A: Accounting Information System:   The system which helps to gather, store and process the accounting…

Q: All of the rules and processes used to safeguard assets, assure accurate accounting, promote…

A: Internal Control: It is a system in which all the company's transactions get tracked and carefully…