Answer:
Sole Proprietorship
Explanation:
Charles is planning to start a sole proprietorship business. It is the most common form of business ownership.
This is the form of business owned, managed and operated by a single individual. Here, there is no distinction between the business and the owner. The owner of the business will have total control of all the profits incurred in the business and solely be responsible for all losses incurred as well.
Answer:
d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.
Explanation:
The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.
By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>
Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.
Answer:
b. marketing concept era.
This era existed from 60's to 90's. And was called the 'baby boomer era'. This era was focused on satisfy the client and producing goods and services.
And in order to satisfy this they use strategies of marketing in order to attract the customers.
Explanation:
a. production era.
False. This era was from 1860-1920 since this era occurs during the Industrial revolution and not at the beginning of the second world war.
b. marketing concept era.
Correct. This era existed from 60's to 90's. And was called the 'baby boomer era'. This era was focused on satisfy the client and producing goods and services.
And in order to satisfy this they use strategies of marketing in order to attract the customers.
c. customer relationship era.
False. This era was from 1990-2010 and was focused in create long-term relationships. So then is not the correct option if we analyze the historical time.
d. selling era.
This era was from 1920 and 1940 and not correspond to the begin of the second world war so this one is not the correct option.
