What Reason Has Been Given to Explain the Lack of Well-Developed

question 38

Multiple Choice

What reason has been given to explain the lack of well-developed auditing professions in less developed economies?

• A) Inability to train auditors given the lack of educational systems.
• B) Since creditors and investors are not major players in these economies, there is little need for audited financial statements.
• C) Investors and creditors in these countries do not want external auditors attesting to financial statement reliability.
• D) In these cultures, financial statements are presumed to be accurate and therefore do not require independent audits.

Understand the essential components and structure of a business plan.

Identify the critical risks and assumptions in business planning.

Distinguish the various sections of a business plan and their purposes.

Recognize the importance of the marketing plan section and how it ties to sales and distribution strategies.

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Definitions:

Recycling Behavior

The actions and practices of individuals or groups regarding the sorting and disposal of waste materials to be reused or reprocessed.

Asking People

The act of requesting information directly from individuals, often used as a method of gathering data or opinions.

Feedback

Information given to a person or system about its performance or behavior, which may be used as a basis for improvement.

Technical Design

The process of creating solutions to technical problems, including the drafting of blueprints, specifications, and the overall planning of systems or products.