According to Your Textbook, Business Managers Prefer To

question 93

Multiple Choice

According to your textbook, business managers prefer to:

• A) Report as much income as possible for book and tax purposes.
• B) Report as much income as possible for book purposes and as little income as possible for tax purposes.
• C) Report as little income as possible for book and tax purposes.
• D) Report the same amount of income for book and tax purposes.

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Definitions:

Units Of Output

The total quantity of goods or services produced by a company or industry in a specific period.

Junior Partner

A member of a partnership or firm who has less responsibility and usually a smaller share of the business than senior partners.

Damage Award

A financial compensation granted by a court to indemnify losses or damages suffered by a plaintiff.

Drudgery

Tedious, hard, and repetitive work that is often seen as unenjoyable.