Internal Control Systems Are

question 193

Multiple Choice

Internal control systems are:

• A)Developed by the Securities and Exchange Commission for public companies.
• B)Developed by the Small Business Administration for non-public companies.
• C)Developed by the Internal Revenue Service for all U.S.companies.
• D)Required by Sarbanes-Oxley (SOX)to be documented and certified if the company's stock is traded on an exchange (a public company).
• E)Required only if a company plans to engage in interstate commerce.

Calculate how changes in prices affect consumer’s ability to afford their original bundle of goods.

Analyze the effects of price changes on the demand for perfect substitutes.

Determine the allocation of a fixed budget to maximize utility across different classes of service.

Understand the initial factors of assessment in social work situations.

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Definitions:

Motivating

The process of encouraging individuals to take action towards achieving personal or organizational goals.

Serial Entrepreneurs

Entrepreneurs who repeatedly start new businesses and ventures, moving from one interest or opportunity to another over time.

Classic Entrepreneurs

are individuals who start a business motivated by the opportunity to create new products or services, typically taking significant risks in the hope of financial gains.

Social Entrepreneurs

Individuals who use business techniques to create and implement solutions to social, cultural, or environmental issues.