Emma Runs a Salon but Does Not Make Much Profit

question 29

Multiple Choice

Emma runs a salon but does not make much profit from her business. She likes to go on holidays frequently and spends most of her income on vacations. Emma knows that she needs to cut down on her expenses or it would be difficult to bear the daily expenses in the future. In the context of Emma's budget, her expenditures on vacations can be referred to as _____.

• A) obligatory payments
• B) statutory payments
• C) discretionary payments
• D) compulsory payments

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Definitions:

International Selling

The practice of selling products or services beyond one's own country.

Customs

Established and traditional practices of a particular society, culture, or organization.

Cold Canvassing

The process of approaching potential customers or clients directly, without prior contact, to offer products, services, or information.

Telephone Consumer Protection Act

A United States federal law enacted in 1991 designed to restrict telemarketing calls, the use of automated telephone equipment, and the sending of unsolicited faxes and texts.