Tax Avoidance Can Be Flagrant and Very Intentional, but Entrepreneurs

question 66

Multiple Choice

Tax avoidance can be flagrant and very intentional, but entrepreneurs often come up short on their tax commitments because of a single-minded focus on their product or service and _____.

• A) casual accounting system.
• B) low-cost accounting software.
• C) incompetent in-house accountant.
• D) cash-basis accounting system.

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Definitions:

Precedence Relationships

Logical relationships that determine the sequence in which activities must be performed in project management and scheduling.

Slack

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the overall project timeline.

Critical Paths

The sequence of stages determining the minimum time needed to complete a project, highlighting the most important tasks that directly affect the completion time.

Slack

A measure of the flexibility in scheduling activities; it represents the amount of time that a task in a project can be delayed without causing a delay to subsequent tasks or the project completion date.