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What Business Professional Should You Involve in Your Emergency and Crisis

question 2

Multiple Choice

What business professional should you involve in your emergency and crisis management planning?

Definitions:

Income Tax Expense

The cost incurred by businesses or individuals due to tax obligations on earned income.

Corporations Proprietorships

Business entities where corporations are legally independent from their owners and proprietorships are owned and run by one individual, with no legal distinction between the owner and the business.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.

Deficit

The amount by which expenses exceed income or liabilities surpass assets.