For a small business, a good way to prevent or detect fraud is<u> B. Owner involvement</u> in the business.
<h3>What is a small business?</h3>
A small business can be defined as a privately owned corporation, partnership, or sole proprietorship with fewer employees and less annual revenue than a large business.
Five types of small businesses have been identified as follows:
- Sole proprietorship
- Partnership
- Corporation
- S Corporation
- Limited liability company.
Given the employment and revenue profiles of small businesses, they may not afford to detect or prevent fraud by the segregation of duties as required by internal controls.
Hiring CPA Auditors and trusted employees only cannot help small businesses prevent or detect fraud.
Thus, the best way for a small business to prevent or detect fraud is by the involvement of the owner in the business.
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Answer:
C. They produce most available goods and services.
Explanation:
In A free market economy, the production of goods and services is done by the private sector. The government's participation in economic activities is limited. The private sector owns and controls the majority of the factors of production. The private sector owns factories, manufacturing, and other businesses in the economy.
In the free market economy, profits are the primary motivating factors to engage in business. The private sector produces goods and services that will generate profits for the businesses.
Answer:
Impracticable
Explanation:
Impracticable is the term which is defined as the circumstances or the fact which excuses the party from performing the contractual duty as the performance might cause the unreasonable and the extreme difficulty.
So, as per UCC, delay in the delivery or no- delivery will not be a breach of contract as the fact in which the performance is made or performed is impracticable because the contingency has happened.
Answer:
<u>d) objective research</u>
<u>Explanation:</u>
We need to note that mention was made that the research was "<em>Carefully controlled." </em>Been carefully controlled shows that the research has an objective.
Furthermore, measuring the reactions of consumers at different salt levels makes the research factual and thus a decision could be made from the findings.