In Order to Survive and Prosper Entrepreneurs Must Look at ________

question 34

Multiple Choice

In order to survive and prosper entrepreneurs must look at ________.

• A)profits and bottom line above all
• B)controlling operations
• C)adjusting the value proposition continuously
• D)upgrading their leadership skills

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Definitions:

Bad Debt Expense

An expense account to record uncollectible receivables.

Payroll Activities

The administrative tasks associated with processing employee wages, withholding taxes, and ensuring the accurate calculation of pay.

Payroll Tax

Taxes that are imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

FICA Taxes

Taxes mandated by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employers and employees.