Small companies tend to differ from large ones because ________
A) they have a wider focus compared to larger companies
B) they are mostly launched with more financial backing than larger companies
C) they have less freedom to innovate and move quickly compared to larger companies
D) they can react to market changes and make decisions more quickly than larger companies
E) they are more bureaucratic compared to larger companies
Answer: D
Explanation: Small, entrepreneurial firms usually find it easier to operate "on the fly," making decisions quickly and reacting to changes in the marketplace.
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Which document is the objective evidence used as the basis to record the following journal entry?
a. Invoice b. Time ticket c. Job cost sheet d. Purchase order e. Materials requisition
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