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Recent content by Expensivejoy01
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Wrong type of employee Whistle blowing
Employee whistle blowing is definitely wribg un any of the following situations:- *}Ifthe whistle-blowing involves disclosing bussiness secrets,investions, future plans ir peculiar specialized practices/know how which are supposed to be exclusively fir the company's usage. What type of business...- Expensivejoy01
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- Replies: 5
- Forum: Entrepreneurship
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Employee Whistle blowing
Employee whistle blowing us an attempt if an employee or former employee of an organization to disclose what he/she believes to be a wrongdoing or unethical conducts in or by the organization. Whistle blowing caj be done internally externally, personally or impersonally. Some of the wrongdoings...- Expensivejoy01
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- Replies: 2
- Forum: Entrepreneurship
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Nature of an Audit in Bussiness
The day-to-day running activities of the company are vested in the Directors. Their responsibility is to ensure that the possibility of fraud and error is reduced if not eliminated, they set up a system of internal control for various checks and procedures in order to control the recording of...- Expensivejoy01
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- Replies: 2
- Forum: Entrepreneurship
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Internal control in small bussiness
Internal control In small bussiness o safeguard it's assets, especially cash. The control usually provides that the work of one person will be reviewed and examined by another. The following are internal control applications commonly used in small firms. *} Immediate recording of all cash *}...- Expensivejoy01
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- Replies: 6
- Forum: Entrepreneurship
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Internal control in small bussiness
Internal control In small bussiness o safeguard it's assets, especially cash. The control usually provides that the work of one person will be reviewed and examined by another. The following are internal control applications commonly used in small firms. *} Immediate recording of all cash *}...- Expensivejoy01
- Thread
- Replies: 2
- Forum: Entrepreneurship
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Customer service functions
Customer service representatives answer calls or in-person requests from customers. Some customers may want additional information about a product or service, others may have problems related to the products they purchased. Customer-service managers train representatives on certain policies...- Expensivejoy01
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- Replies: 1
- Forum: Entrepreneurship
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Importance of Networking in Bussiness.
One key factor in getting and staying motivated in Bussiness is Networking with other small bussiness owners. One person cannot move huge mountains. However, when a number of people begin working together the mountains are suddenly only small hills - Simply challenges waiting to be surmounted...- Expensivejoy01
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- Replies: 3
- Forum: Entrepreneurship
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Disadvantages of wages employment
Disadvantages of wages employment *} Orders from above must be followed *} Income is fixed or set by the employer except there is opportunity for negotiation *} Responsibility us limited *} Personal ideas are difficult to implement *} Potential and ability ate not easily recognized *}...- Expensivejoy01
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- Replies: 4
- Forum: Entrepreneurship
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Advantages of Wage employment
Advantages of employment wage include:- *} Responsibility is fixed it specific *}Income or wage is steady *}There is enjoyment of fringe benefits *} Period or hours of work is fixed it known *} The future is more certain *}Span of control is well determined *}Risk is minimal *} Opportunity for...- Expensivejoy01
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- Replies: 6
- Forum: Entrepreneurship
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Wage employment
Wage employment is a paid employment whereby there exist relationships between the (worker) and the employer (owner). The wage could he based on hourly rates, daily wage, weekly wage or monthly wage.- Expensivejoy01
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- Replies: 2
- Forum: Entrepreneurship
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Ethical principles
Ethical principles are universal standards of rights and wrongs which prescribe the kind of behaviours an ethical person or corporate person should or shouldn't engage in. Ethical principles provide a guide on decision-making and establish the criteria Hy which the decisions, actions and...- Expensivejoy01
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- Replies: 1
- Forum: Entrepreneurship
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Professional bodies
One of the major duties of professional bodies is to set ethical and moral codes for their members. To enforce compliance, some professional bodies do not only provide written copies of the ethical and moral codes of conduct to the members but also require them to swear to an oath to abide by...- Expensivejoy01
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- Replies: 5
- Forum: Entrepreneurship
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Morality
The term "Morality" Originated from a Latin word "Moralitas" which means "Manners, character or proper behavior" Morality can be defined as the differentiation of intentions, decisions and actions between those that are good or right and those that are bad or wrong, it is also a body of...- Expensivejoy01
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- Replies: 1
- Forum: Entrepreneurship
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Fundamental principles of a professional Accountant
A professional accountant is required to comply with the following fundam principles:- *}Integrity:- a professional accountant should be straightforward and honest in all professional and bussiness relationships. *} Objectivity:- A professional accountant should not allow bias, conflict of...- Expensivejoy01
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- Replies: 3
- Forum: Entrepreneurship
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Accounting ethics
Accounting ethics is principally a field of applied ethics with particular focus on the study of moral values and judgements as they apply to accounting. Accounting ethics were first formulated by Luca Pacioli and later expanded by different corporate bodies e.g government professional...- Expensivejoy01
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- Replies: 6
- Forum: Entrepreneurship