Which of the Following About Freelancing Is Correct

question 16

Multiple Choice

Which of the following about freelancing is correct?

• A)Freelancing allows independent contractors to move from one temporary job to the next without benefits.
• B)In a nation of 150 million workers about 30 million people consider themselves freelancers and half of them work at least 15 hours a week.
• C)Freelancing allows workers flexibility, autonomy, and the opportunity to seek a better economic future.
• D)About half of freelancers earn less than $25,000 annually. 

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Definitions:

Liability Account

An accounting record representing an entity's obligations to pay debts or provide services to other entities in the future.

Expense Account

An account that records the costs incurred by a business during a period, such as rent, utilities, and salaries.

Dividends Declared

Profits that a company's board of directors has decided to distribute to its shareholders, typically in the form of cash payments or additional shares.

Cash Account

A financial account that records cash transactions, both receipts and disbursements, within a business.