Alana,the Owner of a Small Dress-Making Establishment Called Mantua Fab,decides

question 24

Multiple Choice

Alana,the owner of a small dress-making establishment called Mantua Fab,decides to hire assistants for design,sewing,and other tailoring jobs.After Mantua Fab finishes basic design,Alana sends certain items of clothing to be embroidered and hemmed by another company in the same city.This strategy is referred to as:

• A) outsourcing.
• B) employee leasing.
• C) benchmarking.
• D) employee referral.

---

Definitions:

Financial Statement

An authorized ledger recording the economic occurrences and financial wellbeing of a company, person, or any distinct entity.

Normal Balance

A reiteration with different wording: The typical side (debit or credit) an account is expected to have, based on standard accounting rules.

Account Category

A classification used in accounting to organize financial transactions, such as assets, liabilities, equity, revenue, and expenses.

Net Sales

The total revenue from sales transactions after deducting returns, allowances, and discounts.