A Person Who Is Self-Employed and Hires No Employees to Work

question 48

Multiple Choice

A person who is self-employed and hires no employees to work for them is best described as a(n) ______.

• A) contributing family worker
• B) own-account worker
• C) informal laborer
• D) family wage worker

Analyze and calculate net cash inflows and outflows to determine borrowing needs based on firm policies.

Distinguish between restrictive and flexible financial policies and their implications on pricing and premium charges.

Interpret and calculate the impact of sales, cost of goods sold, and collections/purchase terms on firm’s cash flow.

Gain insights into effective cash management strategies, including maintaining minimum cash balances and optimizing investment opportunities.

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Definitions:

Positive Messages

Communications that convey optimistic, encouraging, or affirmative information or sentiments.

Routine Message

Regular, everyday communications that convey standard information in business or personal contexts.

Complete Explanation

Providing thorough and comprehensive details that leave no aspect of a topic or question unaddressed.

Follow-Up Required

Indicates that additional actions, checks, or communications are necessary to complete a task, resolve an issue, or ensure outcomes.