Two Key Management Functions That Need Particular Attention When Starting

question 273

Multiple Choice

Two key management functions that need particular attention when starting a business are

• A) human relations and accounting.
• B) planning and financing.
• C) marketing and public relations.
• D) staffing and controlling.

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Definitions:

Tax-Free Business Combination

A merger or acquisition in which no tax is payable by either the acquiring or target company.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government.