Mention some major contributions made by small businesses.
What will be an ideal response?
Some major contributions made by small businesses that set them apart from larger firms are that small businesses tend to:
Encourage innovation and flexibility.
Maintain close relationships with customers and the community.
Keep larger firms competitive.
Provide employees with comprehensive learning experience.
Develop risk takers.
Generate new employment.
Provide greater employee job satisfaction.
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Impairment losses may be reversed under Set GAAP IFRS I. Yes Yes II. Yes No III. No Yes IV. No No ?
A) Set I B) Set II C) Set III D) Set IV
Concept testing works best with people who are familiar with the new idea and the new product's purpose. This generally includes top management, the sales force, and research and development
Indicate whether the statement is true or false
Which of the following statements about the World Trade Organization (WTO) is most accurate?
A. The WTO was formed by the United Nations. B. The World Trade Organization was formed in 2008 in response to the global recession. C. The 12 member countries of the WTO account for approximately 55 percent of world trade. D. The WTO acts as an agent in licensing negotiations between its members and the remainder of the world. E. The WTO uses panels of trade experts who can issue binding decisions.
The objectives of a zero balance account system for the firm include
A) increase cash balances in regional rather than national banks. B) reduce disbursing float. C) achieve better control over its cash payments. D) All of the above are correct.