What Must an Owner Do to Operate a Successful Home-Based

question 65

Multiple Choice

What must an owner do to operate a successful home-based business in balance with his personal life?

• A) change when the business is over one year old
• B) make a cost analysis that clearly divides costs between the business and home
• C) establish spatial and nonspatial boundaries between the business and the home
• D) create separate parking spaces for clients

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Definitions:

Tax Returns

Official documents filed with a government body that reports income, expenses, and other pertinent tax information.

Real Income

The amount of goods and services that can be bought with a unit of currency, adjusted for inflation or price changes over time.

Income Mobility

The ability of an individual, family, or some other group to improve (or lower) their economic status—often measured by income—over time.

Income Ladder

A metaphorical representation of individuals or households ranked by their level of income.