Why does paperwork often present a problem to small businesses?
What will be an ideal response?
Answer: They often have a lack of specialists to deal with it.
Explanation: Small-business owners can be easily overwhelmed with filing the necessary government paperwork for their business as well as attending to the other needs necessary to run a small business.
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It is difficult to independently validate the vendor invoice if we do not segregate purchasing, receiving, and accounts payable
Indicate whether the statement is true or false
The Fed uses ____ monetary policy to cause the economy to grow slower in the short run. A(n) ____ in the money supply is an example of such a policy.
A. expansionary; a decrease B. expansionary; an increase C. contractionary; an increase D. contractionary; a decrease
Acquisition cost includes all of the costs that are normal and necessary to acquire and maintain a plant asset over its useful life
a. True b. False Indicate whether the statement is true or false
Best Buy is a category specialist for the electronics industry. This means the stores
A. have excellent after-sales customer service. B. avoid a self-service approach. C. offer a narrow but deep assortment of merchandise. D. sell only their own private-label brands. E. offer their customers narrow breadth and depth of merchandise.