The depth and detail of a business plan depend on:
A. the amount of capital needed.
B. the experience of the entrepreneur.
C. the size and scope of the new venture.
D. the target audience.
Answer: C
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Describe what happens in scenario analysis and explain why firms such as Royal Dutch/Shell Group use the technique
What will be an ideal response?
Which of the following statements is true of external auditing?
a. Major focus areas are processes, including risks, controls, and effectiveness and efficiency of processes. b. External auditors perform both assurance and consulting services for public companies. c. Primary scope of services performed includes audits of financial statements. d. The primary client for a public company is upper management.
A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements?
A) Net income will be overstated. B) Revenues will be understated. C) Assets will be understated. D) Liabilities will be understated.
______ occurs when an officially neutral employment practice disproportionately excludes the members of a protected group; it is generally considered to be unintentional, but intent is irrelevant.
A. Disparate impact B. Pattern or practice discrimination C. Job relatedness D. Disparate treatment