Which of the Following Is an Example of Static Processes

question 43

Multiple Choice

Which of the following is an example of static processes?

• A)running payroll
• B)calculating taxes
• C)creating financial statements
• D)All of these are correct.

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Definitions:

Financial Information

Data about a company's past, present, and future financial health and performance.

Financial Statements

Reports that provide a summary of a company's financial performance and position, including balance sheet, income statement, and cash flow statement.

Proprietorship

Proprietorship, also known as a sole proprietorship, is a business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Personal Assets

Assets owned by an individual, including property, cash, and investments, that are not associated with any business activities.