To Be Effective,one of the Tasks of a Small Business

question 73

Multiple Choice

To be effective,one of the tasks of a small business owner is to:

• A)hire as many employees as possible till they find the right candidate.
• B)start the business and determine what would be the organizational culture and then train employees afterward.
• C)build an organizational culture and structure.
• D)None of the above

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Definitions:

Earned

Income or revenue that has been generated from business activities or investments, substantiated by the delivery of goods or services.

Adjustment

A modification or change made to financial records or statements to correct an error or reflect more accurately the financial position.

Accrued Revenues

Revenues that have been earned by providing goods or services but have not yet been received or recorded in the accounting records.

Unearned Revenues

Money received by a company for services or products yet to be delivered or performed, considered a liability until the service or product is delivered.