Which of the Following Is Correct Regarding QBO COA (Chart

question 6

Multiple Choice

Which of the following is correct regarding QBO COA (Chart of Accounts) ?

• A)By customizing the QBO COA to align with the business tax return,countless hours are saved in preparation time,and tax returns are more accurate.
• B)QBO does not encourage editing the COA since too many errors can be made by changing what was initially set up when the company was organized.
• C)QBO does allow editing of the accounts in the COA,however,it only allows authorized users to make changes.QBO codes accounts for tax return preparation tracking.
• D)QBO is not able to assist in tax return preparation and only requests legal entity status for COA account purposes.Changes to the COA are encouraged and should happen often.

---

Definitions:

Environment

The surrounding conditions, including social, physical, and economic, in which an organization operates.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching social interactions and understanding.

Unfamiliar Settings

Environments or situations that are not known or recognized by an individual, often requiring adaptation or learning.

Systematic Cultural Differences

The consistent and distinctive variations in the norms, values, attitudes, and behaviors among cultures that can impact interactions and operations in a global context.