Question
Which of the following statement is
true?Solution
Internal control system reduces the possibility of occurrence of employee fraud and management fraud An effective internal control system can help reduce the risk of both employee fraud and management fraud. For employee fraud, the system can establish clear policies and procedures for financial transactions and record-keeping, communicate these to all employees, and include monitoring and oversight mechanisms. For management fraud, the system can establish a culture of integrity and ethical behavior, ensure that management is held accountable for their actions, and implement checks and balances to prevent abuse of power.
Which of the following is/are constant along a demand curve?
(1) Income of the consumers
(2) Price of related goods
Which of the following is true for income elasticity of demand?
(1) It measures the responsiveness of quantity demanded of a good with respect...
Which of the following is true as per the law of supply?
(1) There is a negative relation between quantity supplied and price
(2) The...
A perfectly elastic demand curve is
For normal goods, the demand curve has a/an_______ slope.