Jeremy Operates His Own Small Business, but He Doesn't Want

question 333

True/False

Jeremy operates his own small business, but he doesn't want to be bothered with accounting information. He tells his friends, "All I need accounting for is to prepare my income tax return for my business. I'll hire someone to do that for me." Jeremy's attitude would be disastrous if he managed a large firm, but is a reasonable view for a small business owner.

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Definitions:

Business Decisions

The choices made by individuals or groups in regard to the operation, management, and strategy of a business.

Special Interest Group

An organization or group that advocates for specific issues or causes, often aiming to influence public policy or opinion.

Stakeholder

An individual or group that has an interest or concern in an organization or project, and whose input or involvement can affect or be affected by the outcome.

Corporate Director

A member of the board of directors of a corporation, elected by shareholders, responsible for making major business and policy decisions.