A Business Is Concerned with Many Day-To-Day Activities

question 72

Multiple Choice

A business is concerned with many day-to-day activities.Some of the most important of these activities are the planning and development of a product,its ability to communicate value,its pricing policy,and the distribution strategy.These activities are all a part of:

• A) a control system
• B) marketing
• C) accounting
• D) production
• E) human resources

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Definitions:

Independent Contractors

Individuals or entities contracted to perform work for another entity as non-employees, responsible for their own taxes and benefits.

Health Insurance Plans

These are contracts between individuals or their employers and health insurers to provide medical care and services to the insured, often in exchange for regular premiums.

Traditional Health Insurance

Health care coverage that typically requires the insured to pay premiums, deductibles, and copayments, and in return provides benefits for a wide range of medical services.

Qualified Plan

A retirement plan that meets requirements established by the Internal Revenue Code and ERISA, providing tax advantages and benefits.