According to the BRIE model, which of the following is an element that is necessary to start a business?

A. Recognition
B. Income
C. Efficiency
D. Boundary


Answer: D

Business

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Fast Feet is a manufacturer of running shoes. Its shoes are not selling fast enough for the company to pay its debts and continue its operations. Fast Feet is now insolvent. What options are available to Fast Feet? How would these options affect Fast Feet's obligations to its creditors, if at all?

What will be an ideal response?

Business

Which of following functions should be segregated?

a. opening the mail and making the journal entry to record cash receipts b. authorizing credit and determining reorder quantities c. maintaining the subsidiary ledgers and handling customer queries d. providing information on inventory levels and reconciling the bank statement

Business

Who among the following is responsible for supervision of administering a person's will and settling their estate?

A. The attorney general B. An arbitrator C. A probate court D. A family court

Business

There is a lower limit but no upper limit for a random variable that follows the _____ probability distribution.

A. uniform  B. normal C. exponential D. binomial

Business