To Avoid Cash Crises,many Owners Add a "Cushion" to Each

question 10

True/False

To avoid cash crises,many owners add a "cushion" to each cash disbursement account since many expenses run higher than expected.

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Definitions:

Retainer Fee

An upfront cost paid to secure the services of a consultant, freelancer, lawyer, or other professional for a specified period of time.

Barter

A system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.

Attorney Fees

The charges that clients pay for legal services provided by lawyers or law firms, which can vary based on the complexity of a case, the reputation of the attorney, or the billing method employed.

Smart TV

A television set with integrated internet and interactive "Web 2.0" features allowing users to stream music and videos, browse the internet, and view photos.