According to the Spotlight on Small Business Box Included in Chapter

question 98

True/False

According to the Spotlight on Small Business box included in Chapter 18, the recession has caused small business customers to take longer to pay. This has placed added burden on the small business owner.

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Definitions:

Landlord

An owner of property who rents it out to another party, known as a tenant, under an agreement.

Nonemployee Agent

An individual or entity that acts on behalf of another party in a business transaction but is not considered an employee.

Nondelegable Duty Of Care

A legal obligation that cannot be transferred to another party and requires a person or entity to exercise a certain standard of care.

Independent Contractor

An individual or entity contracted to perform work for or provide services to another entity as a non-employee.