What Do an Optician and a Lawyer Share in Common

question 79

Multiple Choice

What do an optician and a lawyer share in common?

• A) government regulators require that each must guarantee their services
• B) each must warranty their services
• C) each must provide a money-back guarantee
• D) need for a valid occupational license from government regulators

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Definitions:

Operating Activities

Activities that relate to the primary operations of the company, such as selling products or services.

Dividend Payments

Cash or stock distributions made by a corporation to its shareholders from its earnings.

Borrowed Money

Funds that an individual or organization takes from another party under the condition of returning it back in the future often with interest.

Accounting Communication Process

The system by which financial information is identified, measured, recorded, and communicated to interested parties.