The Majority of Small Business Owners Are

question 16

Multiple Choice

The majority of small business owners are:

• A) single parents.
• B) former executives in businesses in the same industry as their small business.
• C) the managers of their business.
• D) employed elsewhere while running the small business.

---

Definitions:

Accounts Receivable

Debts owed by clients to a corporation for items or services that have been supplied but are still unpaid.

Fees Earned

Revenue generated from professional services provided, often used in accounting for law firms, consulting businesses, and other service providers.

Cash

Money in the form of bills or coins, immediately available for transactions or expenditure.

Accounts Receivable

Accounts receivable from clients for merchandise or services supplied but payment not received.