Which of the following are NOT issues commonly faced by smaller businesses of startups

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following are NOT issues commonly faced by smaller businesses or
startups
a) less access to capital makes small businesses more likely to be good
candidates for purchasing third party software or using SaaS
b) small businesses and startups tend to use compensating controls over more
expensive controls when mitigating risks
c) segregation of duties is perceived as the best compensating control since it
reduces the number of people needed to perform key business functions
d) small businesses may rely more heavily upon logical access controls (such as
strong user names and password that are tied to functional access) than
physical access controls that limit the use physical resources
Transcribed Image Text:Which of the following are NOT issues commonly faced by smaller businesses or startups a) less access to capital makes small businesses more likely to be good candidates for purchasing third party software or using SaaS b) small businesses and startups tend to use compensating controls over more expensive controls when mitigating risks c) segregation of duties is perceived as the best compensating control since it reduces the number of people needed to perform key business functions d) small businesses may rely more heavily upon logical access controls (such as strong user names and password that are tied to functional access) than physical access controls that limit the use physical resources
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