Jill Wants to Start Her Own Business, but Knows Little

question 151

Multiple Choice

Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial information. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like-finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?

• A)Fine. Just make sure the bookkeeper you hire knows how to use a database, since this type of software is the heart of any efficient accounting system.
• B)Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions.
• C)Most entrepreneurs would agree with your opinion. The work done by accountants is mainly clerical in nature, so time spent by business owners on accounting tends to take them away from more important tasks.
• D)You have a good plan. Only managers of large firms require knowledge of accounting. Owners and managers of small businesses can

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Definitions:

Saved Object

An item, like a document, file, or configuration, that has been stored persistently for future use.

Temporary

Describes data, files, or elements that are intended to exist or be used for a short period of time and then deleted or disposed of.

Query Design View

Interface in databases that allows users to create queries visually by selecting tables, fields, and criteria.

Query Results

The output produced after executing a query in a database management system, showing the data that matches the query criteria.