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Identify and Explain the Criteria a Small Business Owner Should

question 38

Essay

Identify and explain the criteria a small business owner should consider when selecting the state in which to operate his/her business.


Definitions:

Continuity Assumption

An accounting principle that assumes the business will continue operating indefinitely, not being forced to cease operations or liquidate.

Foreseeable Future

A time period in which an event or action is predicted or expected to occur.

Economic Benefits

The advantages or gains received by an individual, company, or society from financial activities or investments.

Past Transactions

Previously completed financial activities or operations that a company has engaged in.

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