Businesses That Operate in the Home

question 101

Multiple Choice

Businesses that operate in the home

• A) can increase profits by decreasing costs.
• B) require customer traffic.
• C) are called family businesses.
• D) are less common today than they were 10 years ago.

Interpret the liquidity of a company's accounts receivable and its importance.

Describe the electronic means of cash transfer and its relevance in financial operations.

Understand the utility of specific funds and accounts for handling cash operations and discrepancies.

Understand how to initiate and modify queries in a database.

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Definitions:

Profitability

A measure of how much profit a business generates compared to its size, sales, or assets.

Debt

Debt is an amount of money borrowed by one party from another, which is expected to be paid back with interest.

Assets

Resources owned by a business that have economic value and can be expressed in monetary terms.

Profitability Analysis

The process of examining a company's performance and efficiency in generating profit from sales and investments.