Accounting Software for Small Businesses Has Become So Sophisticated That

question 260

True/False

Accounting software for small businesses has become so sophisticated that most small business owners will never need to consult with an actual accountant.

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Definitions:

Starbucks

An American multinational chain of coffeehouses and roastery reserves known for its signature coffee drinks, teas, and baked goods, with a global presence.

Quality

The standard of something as measured against other similar things; a degree or level of excellence.

Perfect Competition

A market structure characterized by a large number of small firms, homogeneous products, and free entry and exit, leading to price-taking behavior.

Standardized Product

Output of different producers regarded by consumers as the same good; also referred to as a commodity.