The Primary Advantages of Operating a Home-Based Business Are Which

question 36

Multiple Choice

The primary advantages of operating a home-based business are which of the following?

• A) schedule flexibility and lack of commuting problems
• B) low overhead and an increase in creativity
• C) lack of commuting problems and less office expense
• D) schedule flexibility and low overhead

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Definitions:

U.S.GAAP

United States Generally Accepted Accounting Principles, a set of accounting standards used in the U.S. for financial reporting.

Actuarial Adjustment Losses

Losses recognized when there are changes to actuarial assumptions used in calculating pension obligations or other post-retirement benefits.

Periodic Net Income

The net earnings or loss for a specific reporting period, reflecting the company's operational efficiency and earnings capacity.

Cash Basis

A financial recording technique that only acknowledges income and expenditures upon the actual receipt or disbursement of cash.