Answer:A. Public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP.
Explanation:GAAP(Generally accepted accounting principles) is a body saddled with the response of ensuring that financial statements are prepared based on certain principles which includes the following.
OBJECTIVITY, MATERIALITY, CONSISTENCY AND PRUDENCE. All public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP which regulates Their Financial statement and reports.
Answer:
a. The process of comparing a particular company with a subset of the competitors in the industry
Explanation:
The concept of Benchmarking is basically used to compare the processes and performances of business with it's competitors using measures to industry bests practices.
Therefore, b. An analysis of a firm’s financial ratios over time is an internal measure while benckmarking is an external measure.
c. Using a group of ratios that show the combined effects of liquidity, asset management and debt on operating results is once again an internal metric not an external one.
d. The use of debt as a financing tool this statement is it's self vague, therefore is incorrect.
Finally the last option, e. Using a group of ratios to show the relationship of a firm’s cash and other current assets to its current liabilities is only comparing with it's own cash and other current assets to its liabilities rather than with it's competitors.
Hence, a. The process of comparing a particular company with a subset of the competitors in the industry is the correct option.
Answer: improve customer relation to meet customer satisfaction.
Explanation: six sigma quality standards is a statistical quality control used by business to improve product or services. If the hotel adopt the method in the area of services rendered to their clients and consequently lead to loyal customer in the future.
Answer:The answer is physical development and health
Explanation:
Answer:
D) joint venture
Explanation:
A joint venture refers to a situation where two companies will join together to form a third independent entity that operates in a specific market or develops specific products. The companies only work together to form the joint venture, but the rest of their operations remain separate from each other.
By forming a joint venture, both companies can utilize resources more efficiently while remaining separate in other markets.
