Accounting Is Important to a Small Business for All of These

question 72

Multiple Choice

Accounting is important to a small business for all of these reasons EXCEPT

• A)banks,creditors,development agencies,and investors require it.
• B)it provides easy-to-understand plans for business operations.
• C)it makes it difficult for others to acquire your business.
• D)it proves what your business did financially.

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Definitions:

Marginal Benefit

The additional benefit obtained from consuming one more unit of a product or service.

Marginal Benefit

The additional benefit received from consuming one more unit of a product or service.

Total Benefit

The overall advantages or gains received from a good or service, including both tangible and intangible elements.

Football Games

Organized sporting events involving two teams playing football (soccer in some countries) under a set of rules to score goals against each other.