These industries are trying to improve their efficiency in order to survive international
A.compete
B.competition
C.competing
D.competion
A.compete
B.competition
C.competing
D.competion
A.the industries
B.industries
C.the industry
D.industry
A.sudden
B.slow
C.clear
D.far
This passage most likely came from a longer work about early American______.
A.arts and crafts
B.political leaders
C.logging industries
D.fashion design
Too much tourism can cause all the problems except ______.
A.a bad effect on other industries
B.a change of tourists' customs
C.overcrowding of places of interest
D.heavy traffic
A.the convenience of communication
B.the gathering of companies
C.some unknown force
D.the convenience of shopping
A.to make certain everybody lends money to them
B.to make certain everybody saves money
C.to borrow as much money as they wish
D.to raise money to finance new development
Too much tourisrri can cause all these problems EXCEPT__________ .
A.a bad effect on other industries
B.a change of tourists’customs
C.over.crowdedness of places of interest
D.pressure on traffic
企业领导人和决策者往往关切美国产业的“竞争力”(美国产业在世界市场上有盈利地出售自己产品的能力)。
a.汇率的变动如何影响竞争力?
b.假定你想使国内产业更具竞争力。但不想改变总收入。根据蒙代尔—弗莱明模型,你应该采用货币与财政政策的哪一种结合?
Business executives and policymakers are often concerned about the “competitiveness” of American industry (the ability of U.S. industries to sell their goods profitably in world markets).
a.How would a change in the exchange rate affect competitiveness?
b.Suppose you wanted to make domestic industries more competitive but did not want to alter aggregate income. According to the Mundell-Fleming model, what combination of monetary and fiscal policies should you pursue?
Bronze operate several chemical processing factories across the country, it manufactures 24 hours a day, seven days a week and employees work a standard shift of eight hours and are paid for hours worked at an hourly rate. Factory employees are paid weekly, with approximately 80% being paid by bank transfer and 20% in cash; the different payment methods are due to employee preferences and Bronze has no plans to change these methods. The administration and sales teams are paid monthly by bank transfer.
Factory staff are each issued a sequentially numbered clock card which details their employee number and name. Employees swipe their cards at the beginning and end of the eight-hour shift and this process is not supervised. During the shift employees are entitled to a 30-minute paid break and employees do not need to clock out to access the dining area. Clock card data links into the payroll system, which automatically calculates gross and net pay along with any statutory deductions. The payroll supervisor for each payment run checks on a sample basis some of these calculations to ensure the system is operating effectively.
Bronze has a human resources department which is responsible for setting up new permanent employees and leavers. Appointments of temporary staff are made by factory production supervisors. Occasionally overtime is required of factory staff, usually to fill gaps caused by staff holidays. Overtime reports which detail the amount of overtime worked are sent out quarterly by the payroll department to production supervisors for their review.
To encourage staff to attend work on time for all shifts Bronze pays a discretionary bonus every six months to factory staff; the production supervisors determine the amounts to be paid. This is communicated in writing by the production supervisors to the payroll department and the bonus is input by a clerk into the system.
For employees paid by bank transfer, the payroll manager reviews the list of the payments and agrees to the payroll records prior to authorising the bank payment. If any changes are required, the payroll manager amends the records. For employees paid in cash, the pay packets are prepared in the payroll department and a clerk distributes them to employees; as she knows most of these individuals she does not require proof of identity.
Required:
(a) Identify and explain FIVE internal control STRENGTHS in Bronze Industries Co’s payroll system. (5 marks)
(b) Identify and explain SIX internal control DEFICIENCIES in Bronze Industries Co’s payroll system and provide a RECOMMENDATION to address each of these deficiencies. (12 marks)
(c) Describe substantive ANALYTICAL PROCEDURES you should perform. to confirm Bronze Industries Co’s payroll expense. (3 marks)