The auditors!
They are primarily responsible for preparing the financial statements and expressing an opinion on whether they follow generally accepted auditing standards
Answer:
very many, few
Explanation:
The monopolistic competition consists of many sellers offering differentiated products. There are minimal barriers to entry or exit of the industry. Advertising and marketing of products are high due to increased competition. No single firm has the power to set prices.
An oligopoly consists of few but large firms dominating a big market. There could be other smaller firms with a small percentage of the market share. Firms in an oligopoly market mat collaborate to look out new entrants. This market is characterized by heavy advertising, with firms offering either homogeneous or differentiated products. The objective of each firm is to maximize profits, which makes all the firm to set high prices.
Answer:
Option (a) is correct.
Explanation:
Coffee and cream are complimentary goods because they are used together to satisfy a given want. Complimentary goods are having negative cross price elasticity of demand which means that if the price of coffee goes up then as a result the quantity demanded for cream goes down and if the price of coffee goes down then as a result the quantity demanded for cream goes up.
There are six types of business plans:
<span>1. </span><span>Start-up – details the steps to start a new business.</span>
<span>2. </span>Internal - targets an audience within the business
<span>3. </span>Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company
<span>4. </span>Feasibility - describes the need for the product or service, makes recommendations
<span>5. </span>Operations - are internal plans that consist of elements related to company operations
<span>6. </span>Growth plans.- are expansion plans written for internal or external purposes
If a plan sets long-term goals for an organization it is strategic planning.