________ Comprise About 20% of All Businesses but Account for About

question 21

Multiple Choice

________ comprise about 20% of all businesses but account for about 81% of U.S. business receipts.

• A) Corporations
• B) Partnerships
• C) Sole proprietorships
• D) Limited liability companies

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Definitions:

Cash Manager

is a professional responsible for overseeing and managing a company’s cash flow, ensuring there are sufficient funds available to meet the day-to-day operations.

Short-Term Investment

Investments that are made to hold for a short period, usually less than one year, with the aim of selling for a profit in the near term.

Borrowing Activities

The actions undertaken by an individual or organization to obtain funds from external sources, typically involving loans or debt issuance.

Accounts Receivable Policy

Guidelines a company follows to manage the collection of money owed from clients.