Identify the six principles of internal control

Assignment Help Microeconomics
Reference no: EM131828293

Question: Ricci's Pizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees making the pizzas and the large ovens in which the pizzas are baked.

Instructions: Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza. (Note: It may not be possible to observe all the principles.)

Reference no: EM131828293

Questions Cloud

How you will manage the team in us which is culturally : How you will manage the team in US which is culturally, politically, and economically different from your country?
Why thornleys require a rate of return of 14 percent : The tax rate is 34 percent. The project will require $18,000 in extra inventory for spare parts and accessories. Should this project be implemented if Thornley
Interests of project clients and higher management : How would you compare and contrast the interests of project clients and higher management in the host organization.
Explain what action would help the business owner : 1.Explain what action would help the business owner. 2.Describe what ethical principles are at risk in this case. 3.If you were the judge in this case, how wo
Identify the six principles of internal control : Identify the six principles of internal control and give an example of each principle that you might observe when picking up your pizza.
How does a project leader go about developing : In no less than one hundred words why do some project leaders have more social capital than others? How does a project leader go about developing his or her soc
Senior management and risk management : We have now covered the entire risk management process. Please consider a major event, such as the BP oil spill in the Gulf of Mexico.
Explain the weakness in internal control : Each store manager is responsible for interviewing applicants for cashier jobs. They are hired if they seem honest and trustworthy.
List the various types of networks : List the various types of networks. Draw a diagram or map of these applications and their layouts.

Reviews

Write a Review

Microeconomics Questions & Answers

  Supply and demand

Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 90 - 2PX.

  Can a brand name provide a useful signal of quality

Many consumers view a well-known brand name as a signal of quality and will pay more for a brand-name product (e.g., Bayer aspirin instead of generic aspirin, or Birds Eye frozen vegetables instead of the super- market's own brand). Can a brand na..

  Optimal scale of firm-price if there is free entry into mark

The government imposes a fixed fee per year on each firm that operates in a competitive market. What happens to output, the optimal scale of a firm and price if there is free entry into the market?

  Explain monopoly that you have recently purchased a product

Explain a monopoly and oligopoly that you have recently purchased a product from. Please relate your answer to the market characteristics. Explain why there is a lack of competition that exists in these market structures.

  Minimum wage affects the employment of unskilled labor

Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hour. Using marginal productivity theory, Explain how a change in the minimum wage affects the employment of unskilled labor.

  What kinds of abuses did you witness in the film

Capitalism is vital to our way of life, and yet the Enron case clearly shows ways in which this economic system may be abused. What kinds of abuses did you witness in the film? What kinds of vices were evident?

  Country enacts a tax policy that discourages investment

Suppose a country enacts a tax policy that discourages investment. As a result, the value of the parameter ¯s now goes to a smaller value ¯s? Assuming that the economy starts at its initial steady state, use the Solow model to explain what happens to..

  Find the subgame perfect nash equilibrium using induction

There are 6 tokens on the table. Two players alternate removing some of the tokens. In each move any player can either remove exactly one or exactly two tokens. Whoever removes the last token is the winner

  Contrast the market demand-supply curves

Contrast the market demand/supply curves and the individual firm's labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm's demand for labor

  Compute the new marginal cost and average cost

Edward the entrepreneur takes 2 hours to cut a lawn, and he cuts 1,000 lawns per year. He uses solar-powered equipment (truck and mover) that will last forever

  Profit maximizing decision perfectly competitive firm

Can you please explain the profit maximizing decision the perfectly competitive firm makes in the short run and describe why this firm can make profits in the short run, but profits aren't possible in the long run.

  Describe the production function for campaign votes

A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd