Which of the Following Is Not a Characteristic of a Successful

question 25

Multiple Choice

Which of the following is not a characteristic of a successful small business?

• A) Ability to attract and hold employees
• B) Thoroughness with operating details
• C) Alertness to change
• D) High operating expenses

---

Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its estimated useful life, recognizing the decrease in value over time.

Allocation Bases

Criteria or metrics used to distribute overhead costs to different departments or products in a company, ensuring accurate cost accounting.

Drilling Department

A division within a manufacturing or mining operation dedicated to the process of drilling, such as creating holes in the earth's surface or in materials.

Current Period

refers to the present accounting period under consideration, typically a month, quarter, or year.