Answer:
Environmental uncertainty is the degree to which and organization lacks factual or competent information concerning the internal and external factors affecting the operating environment of an organization.
Explanation:
Environmental complexity has the most impact on uncertainty because in a complex environment many external factors interact with the organization for example an automobile manufacturer requires highly skilled labour and they also have to deal with government regulations as they change. The maximum uncertainty occurs when there is a complex organization and an unstable environment.
Environmental uncertainty is influenced by forces such as technology, regulations, and competition. Both environmental complexity and dynamism can impact uncertainty, with complexity arising from various external factors while dynamism from the rate of change. The extent of impact depends on the specific context.
Environmental uncertainty refers to the lack of knowledge or predictability about the future state of the environment in which a business operates. There are several forces that can influence environmental uncertainty, such as technological advancements, government regulations, economic conditions, and competitive dynamics.
Environmental complexity refers to the number and diversity of external factors that affect a business. It includes factors like the number of competitors, customers, suppliers, and other stakeholders. Environmental dynamism, on the other hand, refers to the rate of change and unpredictability in the external environment.
Both environmental complexity and environmental dynamism can contribute to uncertainty, but the impact varies depending on the specific context. In some cases, environmental complexity may have a greater impact on uncertainty, as the presence of numerous factors and stakeholders can make it difficult to assess and predict outcomes. In other cases, environmental dynamism may be the primary driver of uncertainty as rapid changes in the external environment can make it challenging to anticipate and respond to new developments.
#SPJ3
Answer:
Audit is an independent examination of records,financial statements or process in order to give report to the party that has commissioned the audit
Explanation:
Audit can be of the three types highlighted in the question.
Audit of financial statements involves an external auditor examining the financial statements of clients i.e the income statement,statement of financial position.the cash flow statement as well statement of changes in equity e.t.c with a view to expressing an opinion on whether the financial statements show a true and fair view of the performance of the organisation audited and sometimes whether they were prepared in line with generally accepted accounting standards such as US GAAP.
Compliance audit is simply to find out whether the person audited has conformed with certain laid down policies and procedures such as the policies to follow in granting credit facilities to bank customers.
Process audit is about examining a process to see if the steps taken by the person carrying the tasks are logical and to find out areas for improvement in order to cut down time and resources used.
Answer:
6
Explanation:
Find the percentage for 24% of 25.
That's how I did mine.
Answer:
UR FACE
Explanation:
magic
Answer:
irrelevant costs in Boise’s outsourcing = $25500
Explanation:
given data
variable costs = $80,000
fixed operating costs = $25,000
administrative overhead = $18,000
fixed operating costs reduced = 70%
to find out
The irrelevant costs in Boise’s outsourcing decision total
solution
we get here first reduction in traceable cost that is
reduction = 30% of $25,000
reduction = $7500
so irrelevant costs in Boise’s outsourcing will be
irrelevant costs in Boise’s outsourcing = administrative overhead + reduction cost
irrelevant costs in Boise’s outsourcing = $18000 + $7500
irrelevant costs in Boise’s outsourcing = $25500
Answer:
$4,250
Explanation:
The computation of the operating income or EBIT is shown below:
Earning before interest and taxes = Sales reported - operating cost other than depreciation - depreciation expense
= $12,500 - $7,250 - $1,000
= $4,250
We simply deduct the operating cost and the depreciation expense from the sales reported to arrive the earning before interest and taxes
All other information which is given in the question is not relevant. hence, ignored it
Camera $11,200 $10,000
Camcorders 7,700 8,800
DVDs 13,900 12,700
Compute the lower-of-cost-or-net realizable value for company's inventory.
Answer:
$30,400
Explanation:
The computation of the lower-of-cost-or-net realizable value is shown below:-
Inventory Cost Net realizable value Lower cost
Camera $11,200 $10,000 $10,000
Camcorders $7,700 $8,800 $7,700
DVDs $13,900 $12,700 $12,700
The Lower cost $30,400
To compute the lower-of-cost-or-net realizable value for the company's inventory, compare the cost of each inventory category to its net realizable value (NRV) and choose the lower value.
To compute the lower-of-cost-or-net realizable value for the company's inventory, you need to compare the cost of each inventory category to its net realizable value (NRV) and choose the lower value. In this case, the cost data and market data are given for each category.
Therefore, the lower-of-cost-or-net realizable value for the company's inventory is $10,000 for the Camera category, $7,700 for the Camcorders category, and $12,700 for the DVDs category.
#SPJ3
B. Anchoring: This is the overreliance on an initial single piece of information or experience to make subsequent judgments. Once an anchor is set, other judgments are made by adjusting away from that anchor, which can limit one’s ability to accurately interpret new, potentially relevant information.
C. Shifting: This is the bias involved in shifting perspectives too rapidly, thereby forgoing objectivity and sound reasoning.
D. Halo effect: This is an observer’s overall impression of a person, company, brand, or product, and it influences the observer’s feelings and thoughts about that entity’s overall character or properties. It is the perception, for example, that if someone does well in a certain area, then they will automatically perform well at something else regardless of whether those tasks are related.
E. Overconfidence bias: This bias occurs when a person overestimates the reliability of their judgments. This can include the certainty one feels in her own ability, performance, level of control, or chance of success.
Answer:
Option C would be the correct answer.
Explanation:
Throughout objective reasoning, cognitive bias seems to be a weakness that has been triggered by that of the human brain's propensity to interpret knowledge through a prism of individual perspective including interests. The types of cognitive bias but for the remaining change.
The types of cognitive bias are almost as follows:
The latter considerations provided are not closely linked to the case provided. So, the answer above is the right one.
All of the given options are forms of cognitive bias except C. Shifting.
Cognitive biases are systematic patterns of deviation from objective judgment or rationality in decision-making. They can significantly impact the quality of our decisions. Among the listed options, all are recognized forms of cognitive bias except "Shifting."
Confirmation bias involves favoring information that confirms existing beliefs, Anchoring refers to relying too heavily on initial information, Halo effect influences overall judgments based on one aspect, and Overconfidence bias entails overestimating one's judgment's reliability.
"Shifting" is not a documented cognitive bias but may refer to rapidly changing perspectives, potentially leading to inconsistent or less objective reasoning. Understanding these biases is crucial for making more rational and informed decisions in various aspects of life.
So, option C is the answer.
For more questions on cognitive bias:
#SPJ3