Lifestyle businesses are small only because they are new and have ambitious plans to grow
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Small businesses such as a self-employed consultant, a corner florist, or a small e-commerce venture are sometimes called lifestyle businesses because they are built around the personal and financial needs of an individual or a family. In contrast, other firms are small simply because they are young, but they have ambitious plans to grow.
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The mean is sensitive to extremely small or extremely large values (outliers)
Indicate whether the statement is true or false
The Income Summary account is used to close the permanent accounts at the end of an accounting period.
Answer the following statement true (T) or false (F)
Pension-related estimates (not funding data) are provided by the
a. employer company. b. independent actuary. c. pension fund trustees. d. employee union.
In step four of the performance appraisal process, the common practice is to have a ______ performance review once or twice a year.
A. formal B. stressful C. weekday D. secretive E. negative