The taxpayers are not happy with the public services from the government and seek help with out having to pay taxes. It is feared that this act will make it hard for the government to finance the public goods necessary for the economy and society. The underground economy should neither be identified with illegality. Some activities are perfectly legal but are not subject to taxes, and therefore escape measurement in official statistics. Other activities are legal as such, but taxes are evaded.
Defects in marketing have to do with the improper instructions and failures to warn consumer of latent dangers in the product. Product liability is usually judged as a strict liability offense. Strict liability wrongs are not concerned with how careful the defendant was. Converted to products liability terms, a defendant is liable when it is revealed that the product is defective. It is immaterial the
This might result in the wrong usage of the power given to clerk in handling all the activities right from ordering parts to taking annual inventory. This will result in loss of assets of the company since the clerk is not watched by any superior, he can fraud things easily since he is the only guy involved in managing inventory at William Oil Services company. The possible solution for problem is applying the missing internal control characteristic that is segregation of duties to different persons. Key duties and responsibilities need to be divided or segregated among different people to reduce the risk of error or fraud. This should include separating the responsibilities for authorizing transactions, processing and recording them, reviewing and approving the transaction, and handling any related assets.
Is sensitive data encrypted while stored in the database? B.) Explanation for a NO answer 1.) Not checking the picking list to sales orders can result in wrong product or the wrong amount shipped to customers. 2.)
In this situation, we would look at unilateral mistake which typically involves a material fact. “In general, a unilateral mistake does not afford the mistake party any right to relief from the contact” which “in other words, the contract is enforceable (Miller & Hollowell, 2011). There are two exceptions to where the contract may not be enforceable, “(1) if the other party to the contract knows or should have known that a mistake was made or (2) if the error was due to a substantial mathematical mistake in addition, subtraction, division, or multiplication and was made inadvertently and without gross negligence (intentional failure to perform a duty reckless disregard of the consequences)” (Miller & Hollowell, 2011). References Miller, W. L., & Hollowell, W. E. (2011). Business Law Text & Exercises Sixth Edition.
Government contractors often make mistakes on their invoices For instance, the financial person who processes the data is responsible processing the payment and has no way of knowing if the data is incorrect. The contracting officers should have this information and if they don’t’ have the proper information, the responsibility falls on the contracting officer. The clerical person responsible for processing payments doesn’t usually care whether the contractors get paid or not. Their goal is to process the paperwork
As with any type of voting, there are always uninformed voters who could potentially vote for someone for the wrong reasons. Also, there are times when the Fed must make split-second decisions, and having officers stick to an agenda wouldn't make these quick choices possible. Another argument is that the people who do run the Fed are bank officials who have much experience in the financial world. Why would we need anyone else?
This type of complacency and neglect reflects on the individual and there chain of command. Something as simple as checking serial numbers does not take up a lot of time and in the end will keep from unnecessary headaches such as not knowing where your specific piece of equipment is and then tracking it down. Just think of what would happen if you never check the serial number after signing for a piece of equipment then finding out later that it is the wrong item. Now you have signed for and are responsible for an item that you have not inspected yet. Not to mention now you have to waste time tracking that item down and securing it.
While the traditional accounting methods are good to measure past performance and financial stature, it does not allow for managers to see the impact or value that marketing has on the bottom line. For a manager to evaluate the impact of marketing they will need view the current marketing expenditures, sales, and profits to make a conscious decision on what methods are working. While I think placing marketing as an investment is a good concept, determining the value is too biased without a common measurement between all companies in a similar industry. Without understanding the current value of marketing, the marketing budget will be one of the first items cut when the business is in a downturn. Technology in all industries has increased dramatically over the past 10 years so being able to understand the current value of marketing methods should not be as strenuous as it has been in the past.
There are many reasons as to why this should be the case. If electronic media was free of charge, then there would be no motivation for professional artists, actors and directors to create the media in the first place. This would negatively affect the economy, and most likely the jobs, careers and even colleges would be lost as a result. I think it is somewhat fair to consider some of the opposing views concerning this growing problem in the global scheme of things. The act of stealing and thievery has a negative effect on multiple parties.