Amy Owns a Photography Business

question 95

Multiple Choice

Amy owns a photography business. Her friend who is an economist most likely includes which of the following costs on her financial statements?

• A) the bank interest payments on her savings before she used them to buy her cameras and lenses
• B) the cost of developing her film
• C) the salary Amy is paying herself
• D) all of the above

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Definitions:

KPI

Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives.

Fulfillment Processes

The steps involved in completing an order or service request successfully, from the point of sale to delivery to the customer.

Warehouse

A large building where raw materials or manufactured goods may be stored before their distribution for sale.

Supplier Processes

The procedures and activities undertaken by suppliers to deliver products or services to their customers, including production, quality control, and distribution.