Answer:
A. Verify that the controls have been implemented (placed in operation).
Explanation:
The companies should have a fair policy of internal controls. It should basically have a policy which regulates and monitors all the transactions of each individual. It shall certainly be developed so that the work of one individual is monitored by the other automatically.
When the documentation is done, of such policies and controls by the auditor, he shall satisfy himself by counter checking that the procedures and practices laid are implemented properly.
So that there are no loop holes, and the management shall be held responsible for any procedure documented and not followed practically.
Answer:
Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.
The marketing mix consists of:
- Product
- Price
- Place
- Promotion.
The above are usually called the 4Ps of marketing.
Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.
This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.
Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.
Answer:
Top-Level Management
Explanation:
Your top management consists of CEOs, CFOs, Presidents and vice presidents, who are responsible for establishing the general management of an enterprise and ensuring that important organizational targets are accomplished.
Answer:
Option which would likely appear on that budget will be:
Batch level costs: production setup.
Explanation:
Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.
Activity based budgeting which is a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.
Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.
For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.
Another example can be be procurement costs. The expenses associated with the procurement costs include the ordering of direct materials, paying suppliers and receiving goods.
Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.
