Hap Owns and Operates a Small Business with Only Four

question 347

Multiple Choice

Hap owns and operates a small business with only four full-time employees and less than $500,000 in annual sales. He currently uses a manual accounting system and relies on a part-time bookkeeper to keep his records in order. In evaluating the possible adoption of a computerized accounting system, Hap will probably discover that:

• A) the expense of setting up a computerized accounting system would not be affordable at this time.
• B) he would be better off hiring a full-time accountant.
• C) he could benefit from adopting such a system, but should also consult with an accountant for advice about what's best.
• D) a computerized system would be affordable, but that he would have little need for it unless his company became significantly larger.

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Definitions:

Recruiting Abroad

The process of identifying, attracting, and hiring candidates from other countries for employment, often to fill skill shortages or diversify the workforce.

Employment Visas

Official documents or permissions granted by a government allowing foreign nationals to work within its borders for a predetermined period.

Advertising

The act of promoting products, services, or brands through various media channels to attract and engage customers.

Organization Size

Refers to the scale or extent of an organization, typically measured by the number of employees, revenue, or operational capacity.