Answer:
Key Risk Indicators (KRIs) are:
a. **Indicators of internal control quality**: Partially true. KRIs are used to measure the potential risk and thus can indicate the effectiveness of internal controls. However, they are not direct measures of control quality.
b. **Substantively equivalent to KPIs**: False. While both KRIs and Key Performance Indicators (KPIs) are important business metrics, they serve different purposes. KPIs measure performance towards goals, while KRIs measure potential risks that could prevent reaching those goals.
c. **Predictive and usually quantitative**: True. KRIs are typically quantitative metrics that can help predict potential risks.
d. **Used primarily by risk-aware, risk-averse entities**: True. Organizations that are aware of potential risks and want to mitigate them often use KRIs to monitor risk levels.
Please note that the exact use and definition of KRIs can vary depending on the organization and industry.
Explanation:
Key risk indicators (KRIs) are predictive and quantitative indicators used primarily by risk-aware, risk-averse entities to assess and monitor potential risks in a business or organization.
Key risk indicators (KRIs) are predictive and quantitative indicators used primarily by risk-aware, risk-averse entities to assess and monitor potential risks in a business or organization. They help in evaluating the effectiveness of risk management strategies and identifying areas of concern that may require attention.
KRIs are not indicators of internal control quality, as they focus on identifying potential risks rather than evaluating the quality of internal controls. They are also different from Key Performance Indicators (KPIs), which measure the performance and progress of a business in achieving its goals.
For example, in a financial institution, a KRI could be the percentage of loans in default, which indicates the potential risk of loan defaults and the need for risk mitigation measures. Another KRI could be the frequency of cybersecurity incidents, which helps assess the potential risk of data breaches and guides the implementation of appropriate security measures.
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b. how well a company is using debt versus equity position
c. a company's ability to earn profit
d. a company's ability to meet payable obligations
C: pay for the costs of having bank employees
D: collect funds for withdrawals from a competitor’s machine
Answer:
A: penalize customers for writing checks for money they do not have
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
Hence, the purpose of non-sufficient funds fees is to customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.
B) Traditional
C) Command
D) Mixed
E) Socialism
Answer:
A) Free-market
Explanation:
The free-market economic system primarily relies on prices for allocating resources and goods. In a free-market system, individuals and businesses are free to make their own economic decisions, and prices are determined by the interaction of supply and demand in the market. This price mechanism serves as a signal for resource allocation, as prices adjust according to the scarcity or abundance of resources and goods. As a result, resources are allocated based on consumer preferences and the willingness to pay, leading to a decentralized and efficient allocation of resources.
Free-market economic systems primarily rely on prices to allocate resources and goods, using the forces of supply and demand to signal and guide producers and consumers.
The economic system that primarily relies on prices for allocating resources and goods is the Free-market system. In this system, prices are determined by the forces of supply and demand, without any government intervention. These prices, in turn, guide producers to allocate resources efficiently, and they also signal consumers about the cost and value of goods and services. An example of a country that predominantly uses the free-market system is the United States, although it also includes certain mixed economy elements.
Answer:
Mulch next to wood siding may lead to wood rot.
Explanation:
Based on the scenario being described within the question it can be said that Maura was noting this as a concern because Mulch next to wood siding may lead to wood rot. This mulch can hold moisture for extended periods of time which may cause the wood to rot. Once the wood rots it is too late and must be replaced which depending on the location of the wood can be extremely expensive.
Answer:
Explanation:
Locational sensitive task.
B) Limited partnerships
C) Sole proprietorships
D) Corporations
Answer:
Your answer is D) Corporations
Explanation: