Which of the Following Is a Benefit of Developing a Small-Business

question 18

Multiple Choice

Which of the following is a benefit of developing a small-business estrategy?

• A) less need for "traditional" marketing
• B) improved accounting practices
• C) increased competition
• D) improved customer responsiveness
• E) lowered staff expenses

---

Definitions:

Operating Revenues

Income generated from the core business activities of a company, excluding any revenue from investments or secondary operations.

Other Revenues and Gains

Income generated from activities not directly related to the primary operations of a business.

Multiple-Step Income Statement

A multiple-step income statement is a more detailed financial statement that separates operating revenues and expenses from non-operating ones, providing insights into the different aspects of a company's performance.

Income From Operations

Also known as operating income, it reflects the revenue from a company's principal business activities minus its direct operating expenses (excluding non-operating income and expenses).