Question 1: Discuss the pros and cons of implementing ISO 9000.
Question 2: Distinguish between predatory pricing and penetration pricing. How are they similar and/or different?
Question 3: In your opinion, has Sarbanes-Oxley effectively accomplished what the lawmakers intended when they wrote the law? Support your position.
Question 4: What internal controls would you put in place for a small business with the sole proprietor and three employees in management (1 purchasing, 1 financial, and 1 sales)? Cash transactions are not significant.
Question 5: List and describe the three sections that comprise a summary cash budget (Hint: What are the activities on a Statement of Cash Flows?) For each section, give two examples o a type of activity that would be shown in that section.