Cora Is Planning to Open a Restaurant

question 38

Multiple Choice

Cora is planning to open a restaurant. Before proceeding with the plan, she collects data on the operating standards of one her favorite restaurants that inspired her to open her own restaurant. This is an example of _____.

• A) delegation
• B) suboptimization
• C) benchmarking
• D) brainstorming

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Definitions:

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, such as social security and Medicare taxes.

Federal Taxes

Taxes imposed by the federal government on income, sales, imports, and other activities.

Social Security Taxes

Compulsory payments made by employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

FUTA Tax Rate

The percentage rate at which employers are taxed under the Federal Unemployment Tax Act, funding state workforce agencies.