A succession plan for a family business should state
a. if the business is to remain in the family or if it will be sold to an outsider.
b. which child, if any, will take over the top position.
c. the hiring and compensation policy for family members.
d. all of the above.
d
Business
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Which of the following should be disclosed in a Summary of Significant Accounting Policies?
A. Types of executory contracts B. Amount for cumulative effect of change in accounting principle C. Claims of equity holders D. Depreciation method followed
Business
A control system begins with
a. measuring performance. b. agreeing on accuracy of measurement needed. c. agreeing on who will use the measurements. d. setting appropriate performance standards.
Business