Which of the Following Is an Advantage of a Start-Up

question 46

Multiple Choice

Which of the following is an advantage of a start-up?

• A)It begins with a clean slate
• B)It has initial name recognition
• C)It is easy to establish and provide positive cash flow
• D)It has easy access to revolving credit

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Definitions:

Quarterly Basis

A time frame used for financial processes, including tax payments and reporting, divided into four equal parts over the year.

FUTA

The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a payroll tax on employers to fund state workforce agencies and unemployment insurance.

Medicare Taxes

Taxes that fund Medicare, a federal health insurance program, deducted from the paychecks of employees and also paid by employers.

Wages

Wages refer to the monetary compensation paid by an employer to an employee in exchange for work performed.