Some common potential problems are - Groupthink
- Goal displacement
- Satisficing
Goal displacement, as it was first described by Michels in 1911, is the process by which the initial, frequently radical or idealistic aims of an organization are replaced by the subpar goals necessary to keep the organization alive and its leadership in position (Michels, 1949). (1949)
The March of Dimes' pivot from its original 1938 mission to find a treatment and cure for polio is the paradigmatic example of purpose displacement.
To know more about Goal displacement
https://brainly.com/question/24961412
#SPJ4
Which word or phrase best completes the sentence?the company lost money during the recession; ________ , its investors started to get nervous.
During the recession, the company suffered financial losses, which caused its investors to become uneasy. Economic activity typically decreases dramatically during a recession.
What transpires to businesses when there is a recession?Large and small businesses both experience a decline in sales and earnings during a recession. As part of their cost-cutting efforts, they might lower company expenditures on marketing, research, and capital investments. Recessions can limit credit options, hinder payments, and cause corporate bankruptcy.
Research shows that during the Great Recession, US consumers increased their overall spending on retail food purchases while shunning mid-tier brands and searching for discounts at less priced retailers like warehouse clubs.
When it is believed that renting would become a more appealing alternative during a recession, if not the only one, rental agencies, landlords, and property management firms can profit.
To know more about Recession visit:
https://brainly.com/question/1473726
#SPJ4
The integration of the marketing mix with efforts to influence consumer demand is known as ______.
The integration of the marketing mix with efforts to influence consumer demand is known as Capacity management.
In order to maximize a company's potential activities and production output—at all times, under all circumstances—is what is meant by capacity management. Businesses must continue to be adaptable enough to consistently deliver on promises in a way that is economical.
Companies with poor capacity management practices may see a decline in sales as a result of unmet orders, customer attrition, and lost market share.
Companies must remain agile enough to consistently satisfy expectations in a cost-effective way since capacity might change as a result of shifting conditions or external influences, such as seasonal demand, industry changes, and unanticipated macroeconomic events. For instance, based on demand and the amount of inventory the company currently has on hand, raw material resources could need to be modified.
Utilizing capacity management may require purchasing additional equipment, working more hours, outsourcing corporate operations, leasing or selling commercial property.
To learn more about management visit: https://brainly.com/question/14523862
#SPJ4
Every project that is identified is selected to be completed. true false
Every project that is identified is selected to be completed. True
A project is a set of tasks that must be completed to achieve a specific result. A project can also be defined as the set of inputs and outputs required to achieve a specific goal. Projects can range from simple to complex and can be managed by 1 or 100 people.
A project is defined as a set of tasks that must be completed to achieve a specific result. According to the Project Management Institute (PMI), the term project refers to a temporary undertaking with a definite beginning and end. It can be managed by one person or hundreds, depending on complexity.
Project planning is a discipline usually concerned with how to complete a project within a specific timeframe, with defined phases and assigned resources. One view of the project plan divides activities into the following steps: Set measurable goals. Identify achievements.
Learn more about the project here:-https://brainly.com/question/25009327
#SPJ4
Why is the high price equal to the low price for the contract expiring in october 2022?
Futures prices above the spot price can be a signal of higher prices in the future, particularly when inflation is high.
What is spot price?Spot prices are typically used as a benchmark when evaluating the cost of commodity futures contracts, such as those for oil, wheat, or gold. This is explained by the fact that stocks always trade at spot. A stock must be purchased or sold at the advertised price in order to be exchanged for cash.
The price of a futures contract is frequently determined using the spot price of a commodity, predicted changes in supply and demand, the risk-free rate of return for the holder of the commodity, and the costs of transportation and storage in relation to the contract's maturity date. Futures contracts with longer maturities often have greater storage costs compared to contracts with short expiration dates.
To learn more about spot price from the given link:
https://brainly.com/question/24125810
#SPJ4
The best method for reducing the agency problem for a large public corporation is:________
The best method for reducing the agency problem for a large public corporation is stock-based compensation.
What is stock-based compensation?The total success of the company should decide the manager's compensation. If they own shares in the company, managers must avoid the conflicts of interest that come with principal-agent relationships. Implementing stock-based compensation should therefore be the greatest solution to the agency conundrum.
Stock-based compensation, also known as share-based compensation or equity compensation, is a way to give a firm's employees, executives, and directors ownership in the company.
Thus, it is stock-based compensation.
For more details about stock-based compensation, click here:
https://brainly.com/question/18567474
#SPJ4
The __________ component of a business model outlines the utility that the product or service has to offer the customer
The Value Proposition component of a business model outlines the utility that the product or service has to offer the customer.
The nine building pieces that make up the business model canvas illustrate what drives a company's success. The business model canvas is expanded upon in the value proposition canvas. Its main emphasis is on creating a compelling value proposition, which is a key component of a long-term business strategy.
A value proposition is a succinct explanation of why customers should select your goods or services. The precise solution that your company offers and the promise of value that a customer might expect from you are more than just a description of your product or service.
To know more about value proposition refer to:
https://brainly.com/question/19488489
#SPJ4
The journal entry to record the borrowing of cash and the signing of a note payable involves:_____.
The journal entry to record the borrowing of cash and the signing of a note payable involves: A) A debit to cash and a credit to note payable
What are the appropriate entries for receipt of cash through borrowing?
When cash is received the cash balance increases, since cash is an asset, an increase in assets is a debit entry, hence, the notes payable is credited since the increase in liability is a credit entry.
In essence, the entries to effect the recording of cash receipt and signing of note payable requires that we debit cash and credit notes payable to indicate the increase in firm's obligations, the liabilities
Find out more about notes payable on:brainly.com/question/14640353
#SPJ1
Find attached complete question:
stock a, has returns of 10%, 20%, 30%, and 40%, over the last four years. what is the stock's standard deviation?
Stock a, has returns of 10%, 20%, 30%, and 40%, over the last four years, The stock's standard deviation will be 12.91%.
Since, Standard deviation = √(10+25)²+ (20%+25%)²+(30%+25%)²+(40%+25%)² ÷ 3
Standard deviation = √500% ÷ 3
= 12.91%
What is the Stock standard deviation?The standard deviation is a statistical measure that may be used to examine how widely distributed a dataset is in relation to its mean. The variance is expressed as the square root. To calculate the standard deviation, which is equal to the square root of the conflict, it is essential to evaluate the variation among the many data points in relation to the mean. As the distance between the data points and the mean widens, the dataset's deviation grows. In other words, as the quantity of data points rises, the standard deviation also does. When employed in a financial setting, such as when applying it to stock market returns, the standard deviation can be useful because it provides details about the historical volatility of a stock.
To know more about Stock standard deviation visit:- https://brainly.com/question/14283696
#SPJ4
A company can change to a new method of accounting if management can justify that the new method results in.
In order to use or switch to a new accounting technique, the organization must demonstrate that the new method will deliver more meaningful financial information. It means that the new method adds clarity for better decision-making. Accounting and financial reporting management changes are unavoidable.
Most occur because organizations must make estimates and judgments to distribute expenditures and revenues when generating periodic financial statements. Other changes result from management decisions concerning the best accounting methodologies to use when generating these statements. Deductions when the taxpayer computes its taxable income using a method of accounting that differs from the method used to compute taxable income for the preceding taxable year.
To learn more about accounting, click here.
https://brainly.com/question/5640110
#SPJ4
A partnership has two important advantages: (1) it is easily and inexpensively formed and (2) its income is allocated on a pro rata basis to partners and taxed on a(n)?
A partnership has two important advantages: (1) It is easily and inexpensively formed and (2) its income is allocated on a pro-rata basis to partners and taxed on a(n)basis so the partnership avoids higher.
What are the forms of Business Organization?Regardless matter how a company is set up, the fundamental principles of financial management remain universal. However, a company's legal setup has an impact on how it operates. Ownerships, partnerships, corporations, limited liability companies (LLCs), and limited liability partnerships are the major types of business entities (LLPs). The majority of firms are proprietorships in terms of headcount. Although they are taxed like partnerships, limited liability partnerships (LLPs) and limited liability companies (LLCs) have limited liability protection similar to that of corporations. A partnership has two key benefits: (1) It is simple and affordable to form, and (2) Income is divided among partners proportionately and taxed individually, saving the partnership from paying higher corporate income taxes.
To know about forms of Business Organization visit: https://brainly.com/question/1167298
#SPJ4
which two project team success factors have shown the strongest correlation to successful project performance as perceived by senior managers?
Stimulating work environment and opportunity for team and individual recognition.
What is environment?All living and non-living objects that occur spontaneously, that is, unaided, are included in the natural environment or natural world. The Earth or certain regions of the Earth are the most common contexts for the phrase. The interaction of all types of living things, as well as the climate, weather, and natural resources, all have an impact on human survival and economic activity. Various elements that make up the idea of the natural environment include:
Complete ecological units with all the plants, microbes, soil, rocks, atmosphere, natural phenomena that take place within their bounds, and their nature. These ecological units function as natural systems without the major participation of civilized humans.
Energy, radiation, electric charge, and magnetism are universal natural resources and physical phenomena that don't have distinct borders, like air, water, and climate. They also don't come from anything specific.
To learn more about environment from the given link:
https://brainly.com/question/24182291
#SPJ4
this type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.
Deferred fixed annuity is a type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years.
What is deferred annuity?Deferred annuity refers to the annuity in which an annuity provider will pay some amount of income to the holder on a future date in exchange of lump-sum.
Deferred fixed annuities mainly offer a guaranteed rate of interest over a specific period of time.
Basically, there are two types of deferred annuity namely deferred fixed and deferred variable annuity.
Learn more about deferred annuity here:-
https://brainly.com/question/1870035
#SPJ4
In most high-income economies, including the united states, goods currently make up ___________, while services currently compose ____________.
In most high-income economies, including the united states, goods currently make up less than half of total production while services currently compose more than half of total production
Define trade balance.The trade balance is a gauge of how much a country exports and imports. Services make up more than half of a country's total production in high-income countries, while products make up less than half of total output. Although there has been a huge increase in global trade in services over the past 20 years, products continue to make up the majority of commerce. The current account balance takes into account all of the commerce in goods, services, and capital coming into and going out of a nation as a result of investments and unilateral transfers.
To know more about trade balance visit:
https://brainly.com/question/18051844
#SPJ4
an investment of $25 at an annual rate of 10% will return a higher value in five years than $50 invested at an annual rate of 5% in the same time.
An investment of $25 at an annual rate of 10% will return a higher value in five years than $50 invested at an annual rate of 5% in the same time. This statement is False.
What do you imply through investment?
Investment definition is an asset received or invested in to build wealth and save money from the hard earned earnings or appreciation. Investment which means is broadly speaking to achieve an extra source of income or advantage make the most of the funding over a selected period of time.
What are the benefits of investment?
Investment is an effective manner to position your money to paintings and potentially construct wealth. smart making an investment can also permit your cash to outpace inflation and increase in cost. The extra growth potential of making an investment is frequently due to the electricity of compounding and the chance-go back tradeoff.
How do investments work?
In the most truthful sense, investment works when you purchase an asset at a low charge and promote it at a better rate. This kind of go back to your investment known as a capital advantage. Earning returns via selling assets for a profit—or figuring out your capital profits—is one manner to make money investing.
Learn more about Investment here:- https://brainly.com/question/25015549
#SPJ4
Logistics systems should be designed to achieve customer service goals while maintaining lowest possible financial investment in:______
Logistics systems should be designed to achieve customer service goals while maintaining lowest possible financial investment in inventory. A logistics system (LS) is a network of companies, people, activities, information, and resources that are engaged in the physical movement of goods from supplier to customer.
The primary purpose of Logistics systems is to give the proper number of resources or input them at the right time into the supply chain, and then to ensure that the items are delivered in excellent condition investment to the right person and location. Each of these is covered in depth, but first we need to understand logistics fields and kinds.
To learn more about Logistics systems, click here.
https://brainly.com/question/15888400
#SPJ4
from the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: sentence appropriate term for completing sentence a. a product, sales territory, department, or activity to which costs are traced is called a (direct cost, cost object). cost object b. advertising costs are usually viewed as (period, product) costs. period c. factory overhead costs combined with direct labor costs are called (prime, conversion) costs. conversion d. feedback is often used to (improve, direct) operations. e. a sacrifice made to obtain some benefit is a (cost, expense). f. the balance sheet of a manufacturer would include an account for (cost of goods sold, work in process inventory). g. the implementation of automatic,
(a) a. a product, sales territory, department, or activity to which costs are traced is called a Cost Object.
(b) advertising costs are usually viewed as period costs.
(c) factory overhead costs combined with direct labor costs are called conversion costs.
(d) feedback is often used to improve operations.
(e) a sacrifice made to obtain some benefit is a cost.
(f) the balance sheet of a manufacturer would include an account for work-in-process inventory
What is the cost object?
An item to which expenses are attributed is referred to as a cost object, a phrase largely used in cost accounting. Typical examples of cost objects include product lines, geographical regions, clients, departments, or anything else for which management wants to estimate costs.
Anything that needs a unique cost measurement is a cost object. A cost item could be anything—a good, a service, a project, etc.
Systems for activity-based costing and Grenzplankostenrechnung frequently use cost objects.
To know more about cost visit:- https://brainly.com/question/15135554
#SPJ4
According to bossidy and charan, the first core process of business is ______.
According to bossidy and charan, the first core process of business is people
What is business?
An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses. The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services). Additionally, it includes "any activity or enterprise undertaken for profit."
Therefore,
According to bossidy and charan, the first core process of business is people.
to learn more about business from the given link:
https://brainly.com/question/18307610
#SPJ4
1. what is your recommendation for how the company should proceed? should it take action on developing an alternative fuel network or wait until a dominant design arises?
As I would see it, the firm ought to think about the choice of making an elective organization for fuel.
Regardless of the expansion in the oil commercial enterprise, there could be a lower in a similar in some unspecified time in the future or any other. As more stresses are being given to the development of innovation, on this manner, as I would love to assume, the company must pass for fashion.
There is likewise a market that is not so massive as inside the occasion of the oil business The corporation must prepare as there may be a variety inside the customers and the public authority of diverse countries have become sensitive toward oil and its effect at the climate and the hobby pleasure of gasoline. Oil is a non-inexhaustible object.
Learn more about oil business here:- https://brainly.com/question/5793675
#SPJ4
What name is given to the stage of decision making where information is collected and compared to goals and plans to determine success or failure?
Evaluating the decision is the name given to the stage of decision making where information is collected and compared to goals and plans to determine success or failure.
What are steps of decision making process?The seven steps to decision making process are as follows:
Identifying the decision.Gathering relevant information.Identifying the alternatives.Weighing the evidences.Choosing among the alternatives.Taking action.Reviewing or evaluating your decision.To learn more about decision making process, refer
https://brainly.com/question/22702498
#SPJ4
You've invested the following amounts into a three-stock portfolio: stock investment 1 $2,000 2 $12,000 3 $9,000 attempt 1/10 for 10 pts. part 1 what is the portfolio weight for stock 1?
Weight = Market/total market value of investments invested in a particular stock
Weight for stock 1 = 2000/(2000+12000+9000)
= 2000/23000
= 0.0870
Weight for stock 2 = 12000/( 2000 +12000+9000)
= 12000/23000
= 0.5217
Weight of stock 3 = 9000/(2000+12000+9000)
= 9000/23000
= 0.3913
Earned income or valuation. Fundraising usually means opening additional sources of income or leveraging funds over a period of time.
Investing is a powerful way to put money to good use and build wealth. By investing wisely, your money can also outpace inflation and fee growth. The growing ability of booms to invest is mostly due to the energy of compound interest and the trade-off between risk and setbacks.
Learn more about investment here:
https://brainly.com/question/25300925
#SPJ4
janice and jarrod are married and live in a community property state. janice is not employed outside the home, and jarrod earns a salary of $98,000. during the year, they earned $2,000 on investments that are owned jointly. the investments were made after they were married, with money earned by jarrod. how is the gross income treated for federal income tax purposes? multiple choice question.
Janice and Jarrod are married and live in a community property state. Janice is not employed outside the home, and Jarrod earns a salary of $98,000. during the year, they earned $2,000 on investments that are owned jointly. Janice is deemed to have earned $50000 and Jarrod is deemed to have earned $50000 is how the gross income is treated for federal income tax purposes
This is further explained below.
What is income tax?Generally, An income tax is a tax that is levied on persons or entities in relation to the income or profits that are earned by such individuals or organizations.
The amount of income subject to income tax is typically determined by multiplying the applicable tax rate by the amount of income that is taxable.
There is room for differentiation in tax rates according on the nature or features of the taxpayer as well as the nature of the income.
In conclusion, During the course of the year, they earned a total of $2,000 from the investments that are held in joint ownership.
According to the rules governing the calculation of gross income under the federal income tax system,
Janice and Jarrod are each considered as having earned a total of $500,000 during the tax year.
Read more about the tax system,
https://brainly.com/question/12416177
#SPJ1
suppose you are in charge of setting prices at a local sandwich shop. the business needs to increase its total revenue, and your job is on the line. if the demand for sandwiches is elastic, you
Option (B) decrease the price of sandwiches is the correct answer.
Since the demand is elastic I would decrease the price of sandwiches to increase the total revenue.
Define elasticity of demand.Price elasticity of demand measures how much a product's consumption changes in response to price changes. If a good's price elasticity is infinite, it is perfectly elastic (if demand changes substantially even with minimal price change).The good is elastic if price elasticity is more than 1, and inelastic if it is less than 1.
A good is completely inelastic if its price elasticity is zero, meaning that no amount of price variation will alter demand. Price elasticity is referred to as unitary elasticity if it is exactly 1 (price change causes an equal proportion change in demand).
To know more about elasticity of demand visit:
https://brainly.com/question/23301086
#SPJ4
The complete question is: " Suppose you are in charge of setting prices at a local sandwich shop. The business needs to increase its total revenue and your job is on the line. If the demand for sandwiches is elastic you should
A) increase the price of sandwiches
B) decrease the price of sandwiches
C) should not change the price of sandwiches
D) couldn't determine until known if supply is elastic or inelastic "
a significant number of european banks held large amounts of assets as mortgage-backed securities derived from the u.s. housing market, which crashed after 2006. which of the following statements correctly describes the benefits of the internationalization of financial markets. (check all that apply.)
The benefits of the internationalization of financial markets are described by C. The European banks that held U.S. mortgages earned a return on those holdings.
Economic Markets encompass any vicinity or device that offers customers and dealers the approach to change monetary devices, together with bonds, equities, numerous global currencies, and derivatives. monetary markets facilitate the interaction among folks that want capital with the ones who have the capital to invest.
An economic market is a market in which humans alternate financial securities and derivatives at low transaction expenses. some of the securities consist of shares and bonds, raw substances, and precious metals, which might be acknowledged within the financial markets as commodities.
Learn more about European banks here:-https://brainly.com/question/1029777
#SPJ4
Disclaimer:- your question is incomplete, please see below for the complete question.
A. The U.S. and European financial markets became interdependent.
B. Both U.S. and European banks faced strict financial regulation long dash—for example, the Sarbanes-Oxley Act of 2002long dash—that improved auditing processes and the quality of the information provided in corporate financial statements.
C. The European banks that held U.S. mortgages earned a return on those holdings.
D. European banks provided needed capital to U.S. financial markets to support borrowing for new home construction.
dfss is a tool for decision making that helps companies focus on a customer driven approach and set of product characteristics
It is incorrect to state that DFSS is a tool for decision-making that supports businesses in concentrating on a customer-driven strategy and set of product attributes.
Design for Six Sigma (DFSS) is a business process management approach connected to conventional Six Sigma. It is employed in a wide range of sectors, including electronics, banking, marketing, process industries, basic engineering, and waste management.
The goal of DFSS is to identify consumer and business needs and incorporate them into the product solution that has been established, whereas the tools and order utilized in Six Sigma demand that a process be in place and operating.
Learn more about DFSS https://brainly.com/question/28240341?
#SPJ4
which of the following best describes a deliverable? a tangible or intangible output or outcome that is a unique product, service, or result but does not require production a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project an outcome towards which work is directed none of the above
A deliverable can be defined as a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project.
What is a deliverable?This is the term that is used to refer to the tangible or the intangible goods that are to be delivered to a customers by the producers or the sellers of such products. This could be in terms of a software or a document that is to be delivered.
Hence we can say that a deliverable can be defined as a tangible or intangible output that is any unique product, service, or capability to perform a service that is required to be produced to complete a process, phase, or project.
Read more on deliverable here: https://brainly.com/question/16997482
#SPJ1
Ford motor company engages in partnerships with its suppliers, component part makers, unions, transport companies, and dealerships—collectively known as its.
Ford motor company engaged in partnerships along with suppliers, component part makers, unions, transport companies, and dealerships—collectively known as its Corporate partners.
A mutually beneficial relationship formed between a nonprofit or charitable organization and for-profit businesses whose purpose is to pursue a common goal based on the shared values of participating organizations is referred to as a corporate partner.
A corporate partnership provides numerous valuable benefits to both parties. A corporate partnership provides numerous valuable benefits to both parties. A non-profit organization will, of course, receive financial support as well as improved access to resources and funds, as well as increased visibility and awareness of its mission and the cause for which they work.
A mutually beneficial relationship formed between a nonprofit or charitable organization and for-profit businesses whose purpose is to pursue a common goal based on the shared values of participating organizations is referred to as a corporate partner.
Learn to know more about the corporate partnership on
https://brainly.com/question/13551671
#SPJ4
organizations that have a mix of standard products and projects are good candidates for which type of project management structure? multiple choice question. functional matrix dedicated project
organizations that have a mix of standard products and projects are good candidates for MATRIX type of project management structure
A matrix organization is a type of workplace where teams have several leaders reporting to them. In a matrix organization, team members (whether internal or remote) report to both their department head and a project manager. Without realigning teams, this management structure might assist your business in developing new goods and services.
In contrast, team members in a matrix organization also report to project managers. It is appropriate to choose a separate manager for each project because tasks associated with them frequently require assistance from employees from different areas, such as IT, marketing, and finance.
To learn more about matrix organization click here:
https://brainly.com/question/15039869
#SPJ4
cute camel woodcraft company’s income statement reports data for its first year of operation. the firm’s ceo would like sales to increase by 25% next year.
Cute Camel is able to achieve this level of increased sales, but its interest costs increase from 10% to 15% of earnings before interest and taxes (EBIT).
The company's operating costs (excluding depreciation and amortization) remain at 65% of net sales, and its depreciation and amortization expenses remain constant from year to year.
The company's tax rate remains constant at 40% of its pre-tax income or earnings before taxes (EBT).
In Year 2, Cute Camel expects to pay $100,000 and $1,419,075 of preferred and common stock dividends, respectively.
An income assertion is a financial announcement that suggests you the company's income and expenses. It also suggests whether or not a corporation is making earnings or loss for a given length. The earnings statement, along with balance sheet and cash flow statement, helps you understand the financial health of your business. The simple formula for an income declaration is sales – charges = internet income. This simple equation suggests whether the employer is profitable. If sales are extra than charges, the enterprise is profitable.
Learn more about Income statement here:-
https://brainly.com/question/26252171
#SPJ4
is increasing price the only viable pricing strategy, or could lower prices lead to increased orders beyond the bistro's bep?
We can lower the prices as a viable pricing strategy to increase orders on the Bistro's BEP. = We can lower the prices as a viable pricing strategy to increase orders on the Bistro 's BEP. A transaction or investment's breakeven point (break-even price) is found by comparing the market price of an item to the original cost.
The breakeven point is reached when the two values are equal. Pricing Fixed Costs x Break-Even Point BEP (Units) (Revenue per Unit – Variable Cost per Unit) When calculating a break-even point in terms of sales dollars: Subtract the fixed costs from the contribution margin.
To learn more about BEP, click here.
https://brainly.com/question/16630989
#SPJ4
In practice, accountants tend to classify costs as either ______ costs or _______ costs.
In practice, accountants tend to classify costs as either product costs or period costs.
Who are accountants?A person who practices accounting or accountancy is called an accountant. Creating and keeping up with significant financial reports. preparing tax returns and guaranteeing timely and accurate payment of taxes. Assessing financial processes in order to make recommendations for best practices, spot problems and develop remedies, and aid organizations in functioning effectively. Additionally, an accountant is a professional who carries out accounting tasks like financial statement analysis, audits, or account analysis. Accountants can establish their own practices or work for an accountancy firm or a big business with an integrated accounting department. Anyone who wishes to work in a position of importance should consider becoming an accountant because they play such a crucial part in every firm.
To learn more about accountants, visit:
https://brainly.com/question/13310721
#SPJ4