An interest allowance is based on the beginning capital balance of each partner

Indicate whether the statement is true or false.

Answer: FALSE

Business

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Which of the following is an attribute of the internal control component—monitoring of controls?

A) Internal auditors monitor company controls to safeguard assets, and external auditors evaluate the controls to ensure that the accounting records are accurate. B) Monitoring of controls is the "tone at the top" of the business. C) Monitoring of controls is designed to ensure that the business's goals are achieved. D) Monitoring of controls deals with identification and assessment of business risks.

Business

Beanstalk managers know that the drawback of such an adaptive strategy is that it ________

A) does not allow companies to exploit scale economies in product development, manufacturing, and marketing B) can cause a company to overlook important differences in buyer preferences across various markets C) is applicable only to industries in which price-competitiveness is a key success factor D) does not allow a company to modify its products except for the most superficial features

Business