Pet World purchases all of their inventory items from different wholesale suppliers, that delivers the items to Pet World’s warehouse in Johannesburg. These items are then stored at the warehouse until it is despatched to different stores to be sold to customers. / Pet World koop al hul voorraaditems van verskillende groothandelsverskaffers aan, wat die items by Pet World se pakhuis in Johannesburg aflewer. Hierdie items word dan by die pakhuis gestoor totdat dit na verskillende winkels versend word om aan klante verkoop te word.The financial manager, Mrs Bulk, provided you with the extract of the inventory and production cycle’s system description for the “maintenance of inventory records function” of Pet World. /Die finansiële bestuurder, mev. Bulk, het die uittreksel van die voorraad- en produksiesiklus se stelselbeskrywing vir die "instandhouding van voorraadrekords-funksie" van Pet World aan u verskaf.REQUIRED / VERLANGIdentify one (1) weakness in the “maintenance of inventory records function” of Pet World, as evident from only the information provided. Click on the information in the picture where it best illustrates a weakness in this extract. / Identifiseer een (1) swakpunt in die “instandhouding van voorraadrekords-funksie” van Pet World, soos duidelik uit slegs die inligting verskaf. Klik op die inligting in die prent waar dit 'n swakpunt in hierdie uittreksel die beste illustreer.Remember WEAKNESS = A deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will NOT be prevented, or detected and corrected, on a timely basis.  This means, the internal control is either not there, or not working the way it should. / Onthou SWAKPUNT = ’n Tekortkoming, of ’n kombinasie van tekortkominge, in interne beheer, sodanig dat daar ’n redelike moontlikheid is dat ’n wesenlike wanvoorstelling van die entiteit se finansiële state NIE betyds voorkom, of opgespoor en reggestel sal word NIE. Dit beteken dat die interne kontrole óf nie daar is nie, óf nie werk soos dit moet nie.Hot Spot ItemsItem 1 Weakness Hot Spot Image

Pet World is a retail and wholesale entity that applies the periodic inventory system when inventory is purchased from their suppliers. /Pet World is 'n kleinhandel- en groothandels-entiteit wat die periodieke voorraadstelsel toepas wanneer voorraad by hul verskaffers aangekoop word.The following are the major risk(s) in the inventory and production cycle: / Die volgende is die hoof risiko(s) in die voorraad- en produksiesiklus:i) Costs may be incorrectly allocated to inventory, that will result in an inaccurate carrying amount of inventory . /Koste kan verkeerdelik aan voorraad toegedeel word, wat sal lei tot 'n onakkurate drabedrag van voorraad.ii) Revenue are not accounted for in the correct financial period. /Inkomste word nie in die korrekte finansiële periode teboekgestel nie.iii) The personnel working in the factory do not clock their times on official clock cards and are paid incorrect amounts. /Die personeel wat in die fabriek werk, klok nie hulle tye op die offisiële klokkaarte en word verkeerde bedrae betaal.iv) Inventory may be stolen and/or damaged, either in the warehouse or during the manufacturing process, which would lead to losses for the entity. /Inventory may be stolen and/or damaged, either in the warehouse or during the manufacturing process, which would lead to losses for the entity.  A. i and iii /i en iii B. ii, iii and iv /ii, iii en iv C. i and ii /i en ii D. i, ii and iii /i, ii en iii E. i and iv /i en iv F. None of these combinations  /Nie een van hierdie kombinasies nie G. i, iii and iv /i, iii en iv H. i, ii and iv /i, ii en iv

The information below is provided in terms of conducting the inventory count of Pet World: /Die inligting hieronder word in terme van die uitvoering van die voorraadtelling van Pet World verskaf:Choose the correct procedure(s) to be performed during the “conducting of the inventory count” phase: /Kies die korrekte prosedure(s) wat uitgevoer moet word tydens die “uitvoering van die voorraadtelling” fase: A. Count teams identify damaged and/or obsolete inventory and indicate it as such on the inventory count sheets / Telspanne identifiseer beskadigde en/of verouderde voorraad en dui dit as sodanig aan op die voorraadtellyste B. Staff members are assigned to the different functions to be performed during the inventory count (e.g. inventory count controller, supervisor and counters) / Personeellede word aan die verskillende funksies wat uitgevoer moet word tydens die voorraadtelling toegewys (bv. voorraadtelling-telkontroleerder, toesighouer en tellers) C. Conduct an inventory count planning meeting to determine the date of the count / Voer ‘n voorraadtelling beplanningsvergadering uit om die datum van die telling vas te stel is D. All the areas where inventory is kept, should be inspected by the count controller in order to ensure that all inventory items have been marked as counted / Al die areas waar voorraad gehou word, moet deur die telkontroleerder geïnspekteer word om te verseker dat alle voorraaditems as getel gemerk is E. None of the options / Nie een van die opsies nie

All About Animals is a pet store in Melbourne. Its business philosophy is based on the ethical treatment of animals, and it focuses on finding new homes for abandoned pets. All About Animals operates from large premises, and consistently with its business philosophy, it allows some kinds of animals to roam (or fly) freely throughout the store – including dogs, cats, and birds. In September 2017, Angus visited All About Animals at 11:00AM, to deliver a crate of dog food. Angus works for Happy Hounds, a business supplying pet food to All About Animals. While in the store, Angus slips over in a puddle of water, badly injuring his leg. He requires medical treatment and is unable to work for 2 months, and as a result incurs medical expenses and a loss of income. The puddle had formed when a dog, chasing a cat through the store, knocked over a container of water that had been set up for the store’s birds to drink from. Angus was on his way out of the store and was using a mobile phone to send his friend a text message at the time when he slipped over. Staff at All About Animals clean the store twice a day – once at 9:00AM, when the store opens, and again at 12:00PM, in the middle of the day. It is common for pet food and water bowls to be spilled during the course of the day, as a result of animals moving throughout the store. Explain whether All About Animals is liable, in the tort of negligence, for Angus’ injuries. Please discuss all elements of a negligence action and any defences that might apply. Please ensure that you use relevant legal principles and authority in support of your answer (ie. legislation and cases).

All About Animals is expanding, and is considering opening a new store on the other side of Melbourne. It hires Paige, a business analyst, to provide a report assessing the proposed new store’s feasibility. It is important for All About Animals that the new store is profitable, as losses will affect its ability to re-home abandoned pets (and therefore to achieve the business’ core purpose). Paige analyses the business processes of All About Animals, the demographics of its customer base, and the location of the proposed new store. Paige’s written report recommends going ahead with the new store, and All About Animals opens the new store. When preparing her report, Paige was unaware that the local council had just approved a massive long-term construction project on the property next door. Noise from the demolition and construction work seriously impacts upon the new store. Customer numbers are much lower than they would be otherwise, and significant losses are incurred. The construction project would have been discovered if Paige had made enquiries with the local council. Does Paige owe a duty of care to All About Animals in the tort of negligence, in relation to the provision of her advice? Do not discuss other elements of the tort of negligence when answering this question. Please ensure that you use relevant legal principles and authority in support of your answer (ie. cases and/or legislation).

If Marco decides to sell his pet products through an online distribution company, such as Amazon, then what type of intermediary is this?Multiple Choicebrokerretailere-tailerwholesalerinternet tailer