Which of the Following Is Usually Excluded from List of Legitimate

question 77

Multiple Choice

Which of the following is usually excluded from list of legitimate travel and business expenses?

• A)Office supplies purchased by sales rep.
• B)Lodging costs when away on business.
• C)Expenses of family car related to business use of the car.
• D)Business entertainment above $25 a day.
• E)None of these is excluded.

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Definitions:

Ownership Mentality

A mindset where employees view themselves as co-owners of the business, taking responsibility for its success and acting in its best interest.

Deferred Distribution Plans

Financial arrangements allowing employees to defer receipt of wages or benefits until a future date, often for tax advantages or retirement planning.

Gain-Sharing Plans

Performance-based compensation schemes designed to reward employees for contributing to a company's success through increased productivity, which leads to cost savings that are shared with the employees.

Long-Term Profitability

indicates a company's ability to generate consistent profit over an extended period, reflecting its financial health and sustainability.