How are local retailers affected by global competition?

What will be an ideal response?

A local retailer might have global suppliers and customers. The retailer's goods may come from abroad, or components of those goods may be produced or assembled abroad. In addition, a local retailer may also sell goods over the Internet to international customers.

Business

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The auditor's report ________

A) attests that the financial statements are error-free B) is prepared by the internal auditors C) states whether the financial statements are presented in accordance with GAAP D) does not include an assessment of the effectiveness of the company's internal controls

Business

Internet users spend ________ of their time online searching for information

A) 5 percent B) 10 percent C) 12 percent D) 15 percent E) 20 percent

Business