Maria Has a Lot of Self-Confidence and Business Knowledge

question 50

Multiple Choice

Maria has a lot of self-confidence and business knowledge.She recently opened a bakery as a sole proprietor.She is expecting a high level of profits and is looking forward to:

• A)The lower corporate tax rate paid by sole proprietorships.
• B)Keeping all of the money she earns except for the taxes she is required to pay.
• C)Keeping all of the money she earns since she does not have to pay taxes as a sole proprietor.
• D)Easily raising additional large sums of money from the capital markets since she is a sole proprietor.

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Definitions:

Tech Support

A service provided to help customers resolve technical problems with products or services.

Time-Driven

A strategy or method that bases decisions, costs, or efficiency measurements on the amount of time taken to perform activities.

Activity-Based Costing

A pricing strategy that recognizes various tasks within a company and allocates the expenses of each task to all goods and services based on their real usage.

Customer Support

The range of services provided to assist customers in making cost-effective and correct use of a product, including assistance in planning, installation, training, troubleshooting, maintenance, and upgrading.