Answer:
d. functional
Explanation:
A functional manager can be described as a managers whose responsibility is to manage an organizational unit such as a department within an organization.
A manager can be given the responsibility to manager a specific department such as marketing, engineering, IT, or public relations.
The primary role of a functional manager is to be in charge and manage resources in his department, and to also to direct the technical work of people working on a project under his functional area.
Therefore, managers who are responsible for just one organizational activity are known as functional managers. The correct option is d. functional.
For each of the following parts of the definition of auditing, state which part of the precedingnarrative fits the definition:a. Informationb. Established criteriac. Accumulating and evaluating evidence d. Competent, independent persone. Reporting results
Answer:
Reporting results
Explanation:
Here reports involve various things like
1. Which of the trucks were parked as on June 30, 2011 at night
2. Figure out the ownership whether it is with the regional delivery service or not
3. Figure out the physical condition of the truck as per the guidelines prescribed
4. Analyze and evaluate the blue book for find out the fair value as per the blue book
These four things should be involved
What is an economy?
If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?
Answer:
the effective annual interest rate is 12.55 %
Explanation:
The computation of the effective annual interest rate is shown below:
Effective annual interest rate is calculated by using the following formula
= {(1 + interest ÷ number of compounding period)^number of compounding period} - 1
= (1 + .12 ÷ 4)^4-1
= (1.03)^4 - 1
r = 1.1255 - 1
r=.1255
hence, the effective annual interest rate is 12.55 %