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A country has a capitalist economy. Which of the following statements applies to it?
Companies compete with each other for business.
A country has a command economy. Which of the following statements applies to it?
The government owns and controls all major industries-apex
How can society help business meet its social responsibility?
how can society help business meet social responsibility
What do you mean by social responsibility in a community?
Social Responsibility, when in context with business practices, is the concept that any organization (corporation, entity, LLC, etc) has a certain responsibility to the people, society, or nature which that business comes into contact with.
Who said that the social responsibility of business is a fundamentally subversive doctrine and that the one social responsibility of business is to use its resources and engage in activities design?
milton friedman
Which of he following is an advantage of a partnership?
The responsibility for the business is shared
What is the role of an auditor in terms of the financial statement?
External Auditor has the role to materially evaluate the financial statements and provide his opinion that 'Does financial statements reflects true and fair activities of business' or not.
A country has a capitalist economy. Which of the following statements applies to it?
Companies compete with each other for business.
Which of the following statements is NOT true about information technology's impacts on business firms?
elps firms expand in size
Who is best qualified to make an analyses of a businesses financial statements?
A management accountant is a person who has been especially trained to evaluate the overall financial health of a company by examining, among other things, a business's financial statements.
Who must prepare financial statements?
Business firms, particularly those with stockholders, must prepare honest and conservative financial statements.
What is the roles and responsibility of business economist?
roles and responsibility of business economist?
What do banks require to approve a loan for a small business?
A business will need the following documentation to evaluate your loan request: * Business profile A document describing type of business, annual sales, number of employees, length of time in business and ownership. * Loan request A description of how loan funds will be used. Should include purpose, amount and type of loan. * Collateral Description of collateral offered to secure the loan, including equity in the business, borrowed funds and available cash. * Business financial statementsComplete financial statements for the past three years and current interim financial statements. * Personal financial statements Statements of owners, partners, officers and stockholders owning 20% or more of the business. The strength and accuracy of your financial statements will be the primary basis for the lending decision, so be sure that yours are carefully prepared and up-to-date. The most important documents in your financial statements are: * Balance sheets from the last three fiscal year-ends. * Income statements revealing your business profits or losses for the last three years. * Cash flow projections indicating how much cash you expect to generate to repay the loan. * Accounts receivable and "payable aging," breaking your receivables and payables in to 30-, 60-, 90- and past 90-day old categories. ** Personal financial statements from you and your business partners listing all personal assets, liabilities and monthly payments, as well as your personal tax returns for the past three years. Source: U.S. Small Business Administration
What is legal responsibility in business?
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
Which of the following statements is a strong reason for giving credit to sources of data in a formal business document?
It shows you have done solid research to back up your conclusions.
A country has a command economy. Which of the following statements applies to it?
The government owns and controls all major industries-apex
What is the meaning of interim financial statement?
Interim financial statements are the documents that enclosed with the complete financial aspects of a business or other individual for less than one calendar year. Mostly these interim financial statements are issued to cover a three month of financial activity of a business. I would suggest you to take a visit to the following website to know more about financial statements http://www.silverwhale.com.au
