A Conservative Rule of Thumb Is to Establish a Business's

question 31

Multiple Choice

A conservative rule of thumb is to establish a business's worth as ________ the firm's current annual profit.

• A) twice
• B) three times
• C) five times
• D) ten times
• E) fifteen times

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Definitions:

Vacation Time

Allocated period during which an employee is allowed to be away from their job while still receiving pay.

Benefits Administration

The process of creating, managing, and updating an employee's benefits package, including health insurance, retirement plans, and other perks.

Submit Claims

The process of formally requesting payment or compensation from an insurance company or other entity after an incurred loss or damage.

Workforce Scheduling

The process of assigning employees to specific jobs, tasks, or shifts in a way that optimizes the use of labor resources to meet service needs or production goals.