Merlin Frodo Has Been Doing Custom Piercings and Tattoos for Over

question 53

Multiple Choice

Merlin Frodo has been doing custom piercings and tattoos for over thirty years.His home and place of business is a garage in the harbor district of Seattle,Washington.He keeps meticulous records of every job he has ever completed.These have been entered into a computerized accounting information system that his accountant refers to as a "data warehouse." Merlin is considering adding scarification to his service offerings and has asked his accountant to identify past customers who might be likely candidates for this service.Merlin wants his accountant to engage in

• A)customer auditing.
• B)customer resource management.
• C)data mining.
• D)enterprise resource planning.

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Definitions:

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits. The specific rules can vary depending on the agreement and the jurisdiction.

Profits Share

An agreement or policy where a portion of a company's profits is distributed to employees, shareholders, or partners.

Partnership Act

Legislation that outlines the rights and responsibilities of partners in a business partnership.

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with sustaining the operations.