The answer is C because i just took the test and the answer was C so put C down and i bet 100% you'll get it right
Answer:
summarizes and documents the firm's financial activities during the past year
Explanation:
A firm's annual report must include a comprehensive report about the firm's financial and operational activities throughout the year. The SEC requires public corporations to prepare and disclose quarterly reports (every 3 months) that are available to both stockholders and other people interested in them. Generally private companies are required to prepare at least one annual report.
Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
That would be:
B.) Defualt
Answer:
C. not to eliminate the risks inherent in life, but to spread them around more efficiently
Explanation:
Insurance is an agreement where the insurer agrees to cover the losses that might arise if certain events occur to the insured.
Moral hazard and adverse selection are some of the negative issues that arise as a result of insurance.
I hope my answer helps you
