Working in the Finance Department of a Firm That Operates

question 63

Multiple Choice

Working in the finance department of a firm that operates a chain of dry cleaning and tailoring shops,Demonte discovered that tax management is:

• A)an area of major concern.
• B)handled by his department,but is not a major concern because businesses that provide services are exempt from most taxes.
• C)not an area of concern for his department,since the accounting department prepares the tax returns.
• D)an activity of his department,but not a major concern because software now available automates the handling of taxes.

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Definitions:

Cultural Animals

Suggests that humans are deeply influenced by their cultural contexts, which shape their behaviors, beliefs, and identities.

Social Animals

Creatures that are inherently inclined to live in communities or groups and rely on social interaction for survival.

Progress

The forward or onward movement towards achieving a goal or improving a situation.

Knowledge

The information, understanding, and skills gained through experience or education.