Why Is the Status of an Individual Performing Work Very

question 10

Multiple Choice

Why is the status of an individual performing work very important to QBO Time Tracking?

• A)QBO tracks time for employees and does not track time for work performed by subcontractors or owners.
• B)The status of an employee refers to full-time or part-time employees.Part-time employees receive a MISC form for their work vs.full-time employees receive a paycheck.
• C)The status of an employee determines whether an individual receives a paycheck,a vendor payment or an owner withdrawal for the work they performed.
• D)QBO will transfer employee time to sales invoices,however,subcontractors and owners will have to be added to sales invoices manually.

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Definitions:

Acquire a New Customer

The process of attracting and converting prospects into someone who makes a purchase and becomes a client of the business.

Existing Customer

An individual or business that has previously purchased goods or services from a company, distinguishing them from new or potential customers.

Frederick Reichheld

A business strategist best known for his work on customer loyalty, including the development of the Net Promoter Score (NPS) as a measure of customer loyalty and satisfaction.

Customer Repurchase Rates

The frequency or likelihood with which a company's customers buy its products or services again.