Answer:
Answer option B) selling an item at a competitive sale price.
Explanation:
Is the correct answer.
Answer:
They have a proven business model.
Explanation:
Did edge quiz
The following groups that contribute to meeting a community’s societal needs would be all of the above
Explanation:
I will work and raise a foundation to help to all those in need with a non profit organization
Answer:
The correct answer is: b, c and d.
Explanation:
Internal controls are are policies or processes put in place by the management arm of a company to ensure that the goals set by the firm are achieved both in the long term and short-term. These processes ensure safe custody of assets, reliability in financial information provided or used by the firm, compliance with regulations as well as effectiveness and efficiency in the day to day operations. With this in mind, maximisation of management compensation is not a goal of internal controls. According to COSO, there are 3 main goals of internal controls: to ensure effectiveness and efficiency of operations, reliability of financial reporting and compliance with laws and regulations.