Management of Premium Discovery Company is compensated through large salaries, stock options, and bonuses tied to the company's working capital growth. The CEO is constantly holding meetings to ensure that management is on target for increased operating income each month. Based solely on the preceding information, which element of the fraud triangle exists at the Premium Discovery Company?

Answers

Answer 1

Answer:

Incentive/Pressure.

Explanation:

The fraud triangle is a model that describes factors which motivates people to commit fraud. Usually all these factors come into play before a fraud is committed.

The three elements of the fraud triangle are opportunity, pressure or incentive, and rationalisation.

The incentive in the given scenario is the compensation through large salaries, stock options, and bonuses tied to the company's working capital growth provided the management of Premium Discovery company.

This pressure or incentive drives the CEO to hold meetings to ensure management is on track to increase operating income each month.

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You are buying a house that is priced at $200,000. You need to make a 10% down payment, and closing costs will be 5%. Which of the following is/are true? I. The amount of the loan will be $200,000 II. Closing costs will be $10,000 III. Closing costs will be $9,000 IV. You will need to bring $29,000 total to the bank in order to get the loan.
The chart of accounts includes assets, liabilities, and owner's equity accounts only. TRUE or FALSE.
All of the following are considered equipment for a business EXCEPT:a. devices b. machines c. buildings d. tools
each year, ash mountain enterprises (ame) prepares a reconciliation schedule that compares its income statement with its statement of cash flows on both the direct and indirect method bases. in its 2021 income statement, ame reported $11,000 of interest expense on its outstanding bonds. during the year, ame paid its regular installments of $9,000 of interest in cash. in its reconciliation schedule, ame should:
Benet Division of United Refinery Company's operating results include: controllable margin, $200,000; sales $2,200,000; and operating assets, $800,000. The Benet Division's ROI is 25%. Management is considering a project with sales of $100,000, variable expenses of $60,000, fixed costs of $40,000; and an asset investment of $150,000. Should management accept this new project?

Why is it a good idea to compare prices before making a purchase?

Answers

Answer:

Comparing prices is a good idea because it increases the bargaining power of the consumer by knowing various prices of a product in the market the consumer is in a good position to negotiate or get a better quality for the product.

Comparing prices also means the buyer is better positioned to get the product on a low and make extra savings from the purchase for other purposes.

Explanation:

If you compare prices you may find that the item you would wish to buy is cheaper somewhere else, and comparing prices will help you save money!

Specialization:A.leads to greater self-sufficiency.
B.can lead to an increase in overall production.
C.allows workers to develop skills by working on a large number of tasks
D.is always the result of an inefficient use of resources

Answers

Answer: Option B

Explanation: In simple words, specialization refers to being focused and expert in performing a specific activity. An individual or firm having specialization in their business operations could produce more of their goods or services in the limited resources.

The specialization in one department or activity benefits the whole organisation. For example - If the marketing department have specialization in their activities then the production department and sales department both will more more efficiently due to higher work load.

Hence from the above we can conclude that the correct option is B.

Final answer:

Specialization is a process where entities focus their production efforts on a narrow range of goods or services. It can lead to increased productivity but doesn't support greater self-sufficiency, as it often makes entities more dependent on others. Also, it doesn't allow individuals to develop a broad range of skills but rather enhances their capacities in a specific field.

Explanation:

Specialization refers to the process where individuals, businesses, or countries focus on producing a limited scope of goods or services to gain greater efficiency and productivity. Looking at the provided choices:

A. leads to greater self-sufficiency. - Specialization does not necessarily lead to greater self-sufficiency. Instead, it often means that entities are more dependent on others for goods or services outside their specialization.
B. can lead to an increase in overall production. - This is generally true. By focusing on what they can do best, workers, businesses, and countries can produce more effectively and efficiently.
C. allows workers to develop skills by working on a large number of tasks - The opposite is generally true for specialization. When specializing, workers focus on a limited number of tasks, enhancing their skills in a specific area rather than a broad range.
D. is always the result of an inefficient use of resources - This is not typically accurate. In many cases, specialization is a result of the efficient use of resources.

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REALTORS®: a. protect and promote the interests of their clients. b. treat all parties honestly. c. promote their interests over their clients' interests. d. A and B only.

Answers

Considering the available options, Realtors are known to have various functions, including options A and B only.

Functions of a Realtor

Generally, Realtors are known to perform many responsibilities, including the following:

Protect and promote the interests of their clients.
Treat all parties honestly.
Create a real estate contract.
Rent, sell or buy properties for clients, etc.

Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

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Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. While most of Iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, Iceberg invested most of its retained earnings in the effort to improve its hard drives. Once the hard-drive market drastically declined, Iceberg Storage was unable to capitalize on the new technology. Which of the following does this scenario best illustrate?a. causal ambiguity.b. knowledge diffusion.
c. social complexity.
d. path dependence.

Answers

Answer:

d. path dependence

Explanation:

Based on the scenario being described within the question it can be said that this is best illustrating the concept of path dependence. This term refers to how the set of decisions that individuals face is limited due to decisions that they have made in the past that will influence them, even though the past circumstances may no longer be relevant. As is the case in this scenario as Iceberg storage decided to stick with physical devices because it is what they did in the past and it worked out for them, but since times changed it did not work out this time.

Answer:

Explanation:

Path dependence

Path dependency occurs because it is often easier or more cost-effective to continue along an already set path than to create an entirely new one.

While most of Iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, Iceberg invested most of its retained earnings in the effort to improve its hard drives. Iceberg should have shifted away this is a case of path dependence

The first step you should take when organizing your job search is to: a. Develop prospective employer records b. Narrow your list of prospects c. Compile your list of prospects d. None of the above Please select the best answer from the choices provided

Answers

C. Compile your list of prospects

Final answer:

The first step in organizing a job search is to narrow your list of prospects.

Explanation:

The first step you should take when organizing your job search is to narrow your list of prospects. This means that instead of considering every potential employer, you should focus on those that align with your interests and qualifications. Narrowing your list allows you to target your job search efforts and increase your chances of finding a suitable opportunity.

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The purpose of the abstract of title is to : A. make sure that the street name of the property is correct.
B. verify that the lender has sufficient funds for the loan.
C. verify that the person selling the property is really the owner.
D. begin the purchase process.

Answers

The correct answer to the question stated above is obviously letter C. verify that the person selling the property is really the owner.

The sole and the very purpose of the abstract of title is to : verify that the person selling the property is really the owner.

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