The Report of a Service Auditor May Provide Assurance on Whether

question 18

Multiple Choice

The report of a service auditor may provide assurance on whether: $$\begin{array} { c } &\text{Controls are implemented}&\text{Operating effectiveness of controls}\\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes } \\\text { D) } & \text { No } & \text { No }\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Franchisor

An entity that grants the right to operate a business under its trademark and brand name to another party, known as the franchisee.

Small Business Owner

An individual who owns and operates a business with a small number of employees and relatively lower volume of sales.

Not-for-profit Corporations

Organizations that operate for purposes other than making a profit for its owners or shareholders, often focusing on charitable, educational, or social objectives.

Stock Certificates

Physical documents that represent ownership in a company through shares of its stock.