Why Is It Best to Pay Expenses for Your Business

question 5

Multiple Choice

Why is it best to pay expenses for your business with a check, not with cash?

• A) A check can't be traced.
• B) Cash is easier to lose.
• C) A check provides written proof of payment.
• D) Paying with a check keeps check printing companies and banks in business.

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Definitions:

Products And Services

Various goods offered for sale and activities provided for consumer needs or desires.

Business Plan Template

A pre-formatted document that provides a structured outline for detailing the strategy, financials, and operational goals of a new or existing business.

Small Business Development Center

A partnership program primarily funded by the government to provide assistance to entrepreneurs and small businesses in terms of management, operations, and other support services.

Small Business Owner

An individual who owns and operates a business with a small number of employees and relatively low volume of sales.