Business incubators are designed to support fledgling entrepreneurial ventures until they can operate as stand-alone businesses.
Answer the following statement true (T) or false (F)
True
Business incubators are designed to hatch new businesses. They have a specialized purpose: to support and nurture fledgling entrepreneurial ventures until they can thrive on their own as stand-alone businesses.
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Management can expect various benefits to follow from implementing a system of strong internal control. Which of the following benefits is least likely to occur?
a. reduced cost of an external audit. b. prevents employee collusion to commit fraud. c. availability of reliable data for decision-making purposes. d. some assurance of compliance with the Foreign Corrupt Practices Act of 1977. e. some assurance that important documents and records are protected.
If a corporation issues par value common stock and the proceeds are less than par value, the Common Stock account is credited for the par value
Indicate whether the statement is true or false
A set of procedures and approvals for verifying, approving and recording liabilities for eventual cash payment, and for issuing checks for payment only of verified, approved, and recorded liabilities is referred to as a(n):
A. Cash control system. B. Voucher system. C. Internal cash system. D. Cash disbursement system. E. Petty cash system.
A type of approach that focuses on the product or service relative to the competition and how the offering is different from others on the market is known as the ______.
a. resonating-focus approach b. points-of-difference approach c. all-benefits approach d. customer satisfaction approach