Why Does a Firm's Number of Prospects Always Equal or Exceed

question 15

Essay

Why does a firm's number of prospects always equal or exceed its number of qualified customers?

---

Definitions:

Accounting Record

Documentation and books kept for the purpose of recording all financial transactions of an entity.

Natural Disasters

Natural disasters are severe, sudden events caused by environmental factors that can cause significant damage, loss, or changes to life, property, and the economy, including hurricanes, earthquakes, and floods.

Safeguard Assets

Implemented measures and policies to protect a company’s assets from theft, damage, or misuse.

Internal Controls

A set of procedures and policies designed to ensure the accuracy and completeness of financial reporting, safeguard assets, and ensure compliance with laws and regulations.