Michael, a Small Business Owner of a Web-Development Business, Wishes

question 104

Multiple Choice

Michael, a small business owner of a web-development business, wishes to persuade a highly qualified applicant to consider a position with his business, even though the applicant has also had offers from large businesses.What should Michael emphasise to the applicant?

• A)Family atmosphere with only three employees.
• B)Long history of the business with no take overs.
• C)More freedom to structure job responsibilities.
• D)Retirement programme and other benefits.

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Definitions:

Cash Flow Statement

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, and all cash outflows that pay for business activities and investments during a given period.

IFRS

International Financial Reporting Standards, which are a set of accounting rules followed by companies across the globe for maintaining their financial statements.

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flows.