The Internet Has Helped Small Businesses Compete in Global Markets

question 26

Multiple Choice

The Internet has helped small businesses compete in global markets because it ________.

• A) allows them to establish a physical presence in each country
• B) avoids transactions involving foreign exchange
• C) eliminates price controls
• D) reduces entry costs

---

Definitions:

Managerial Accountants

Professionals who specialize in providing financial data and analysis to managers within organizations to facilitate informed business decisions.

Performance Report

A document or data set that reviews and evaluates the performance of a project, department, or organization against planned objectives.

Managerial Accounting Reports

Financial documents prepared for internal use by the management, providing insights into the business’s performance, costs, and operations.

GAAP

Generally Accepted Accounting Principles, a set of rules and guidelines provided by the Financial Accounting Standards Board (FASB) for accounting and reporting to ensure consistency and comparability among financial statements.