MGMT 1P93 Study Guide - Midterm Guide: Small Business, Howlong

• School: Brock University
• Department: Business - Management
• Course: MGMT 1P93
• Professor: Jacqueline Glenney

Document Summary

More than 1 million small businesses in canada, 98% have fewer than 100 employees. 79% of small businesses are in service. Small business: goods producing if less than 100 employees, service sector (fewer than 50) Produce 13-14x more patents per employee (cid:0) creating opportunities for women. Created by the international accounting standards board: relevant: they must contain information that helps the user understand the firm"s financial performance and condition, reliable: they must provide information that is objective, accurate and verifiable, consistent: they must provide financial statements based on the same core assumption and procedures. A private offering is where securities are sold directly to one or more large: raising capital by issuing new shares, seasoned equity offering, best efforts approach: company advisors provide assistance with pricing and marketing, as well as finding potential buyers, firm commitment: the firm assisting with the sale of the stock is also responsible for underwriting the issue.