Which of the Following Is the Best Example of a Functional

question 47

Multiple Choice

Which of the following is the best example of a functional account?

• A) Order processing
• B) Office supplies
• C) Rent
• D) Electricity
• E) Raw materials

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Definitions:

Warren Buffett

An American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway, known for his successful investment strategies.

Average Tax Rate

The percentage of taxable income that is paid in taxes; taxes paid divided by taxable income.

Stock Market Investor

An individual or entity that allocates capital with the expectation of receiving financial returns in the stock market.

Marginal Tax Rate

The tax rate that applies to the next dollar of taxable income; the percentage of tax applied to your income for each tax bracket in which you qualify.