In Order for a Business to Be Successful, It Must

question 192

True/False

In order for a business to be successful, it must be organized, it must satisfy needs, and it must make a profit.

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Definitions:

EI Premiums

Contributions made by employees and employers to the Employment Insurance (EI) program, which provides temporary financial assistance for unemployed workers.

General Credit

Refers to the overall creditworthiness or credit status of an individual or business, taking into account their ability to repay debts and financial obligations.

Current Liability

Obligations that a company is expected to pay off within the coming year or its operational cycle, whichever is longer.