Shelby Black Runs a Successful Hair Salon in Downtown Los

question 75

Multiple Choice

Shelby Black runs a successful hair salon in downtown Los Angeles.One of Shelby's tasks is to input positive and negative customer reviews into her computer system.What type of information is Shelby gathering?

• A) Feedback.
• B) Processing.
• C) Output management.
• D) Sales processing.

---

Definitions:

Partnership Interest

An ownership share in a partnership that represents a portion of the entity's assets and income.

Depreciate

To reduce the recorded value of an asset in financial accounts over its useful life to reflect wear and tear, obsolescence, or decline in value.

Holding Period

The length of time an investment is held before being sold, which can affect the capital gains tax owed upon sale.

FMV

Fair Market Value, the price at which property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell.