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Questions in business

📝 Answered - What is an important factor to consider when choosing an income strategy for a business? A. Understanding your ideal customer and their needs. B. The number of employees in the business. C. The layout of the physical store. D. The current interest rate environment.

📝 Answered - Mr. Rohit is an individual investor who invests his funds in securities. He depends on investment income and does not want to take any risk. He is interested in a definite rate of income and the safety of principal. a) Name the type of security that Mr. Rohit will opt for. b) What does he receive as a return on his investment? c) Is the return on investment that he receives fixed or fluctuating?

📝 Answered - Which of the following is NOT a component of financial planning? A. Budgeting B. Investing C. Excessive spending D. Retirement planning

📝 Answered - Question 38 A firm gains competitive advantage by outperforming competitors in terms of competitive priorities, which fall into four major groups: ______ and ______. Options: 1. cost, customization, price, availability 2. cost, quality, time, flexibility 3. location, location, location, price 4. cost, price, design, technology

📝 Answered - T/F: Generic account types must be converted to Employee account types for the new staff member to have full access to Central Reach. A. True B. False

📝 Answered - Record journal entries for the following purchase transactions of Flower Company. Transactions \begin{tabular}{|l|l|} \hline Oct. 13 & Purchased 85 bushels of flowers with cash for \$1,300. \ \hline Oct. 20 & Purchased 240 bushels of flowers for \$20 per bushel on credit. Terms of the purchase are 5/10, n/30, invoice dated October 20. \ \hline Oct. 30 & Paid account in full from the October 20 purchase. \ \hline \end{tabular} Journal entries: \begin{tabular}{|l|l|l|l|} \hline October 13 & $\square$ & $\square$ & \ \hline & $\square$ & & $\square$ \ \hline & To record inventory purchased with cash. & & \ \hline & & & \ \hline October 20 & $\square$ & $\square$ & \ \hline & $\square$ & & $\square$ \ \hline & To record inventory nurchased on account & & \ \hline \end{tabular}

📝 Answered - 25. Marketing management is generally related to the creation of ____. (a) Supply (b) Goods and service (c) Demand (d) All of these

📝 Answered - On May 1, a petty cash fund was established for $200.00. The following vouchers were issued during May: | Date | Voucher | Purpose | Amount | | :----- | :------ | :------------------------- | :----- | | May 1 | 1 | Postage due | $3.60 | | 3 | 2 | Office supplies | 10.00 | | 5 | 3 | Auto repair (miscellaneous) | 45.00 | | 7 | 4 | Drawing (Joy Adams) | 27.00 | | 11 | 5 | Donation (Red Cross) | 12.00 | | 15 | 6 | Travel expenses | 24.00 | | 22 | 7 | Postage stamps | 3.40 | | 26 | 8 | Phone call | 7.00 | | 30 | 9 | Donation (Boy Scouts) | 18.00 | Required: 1. Prepare the journal entry to establish the petty cash fund. Page: | DATE | ACCOUNT TITLE | DOC. POST. NO. REF. | DEBIT | CREDIT | | | :-------- | :------------ | :------------------ | :------ | :------ | :--- | | 1 20--May 1 | Petty Cash | | | | 1 | | ? | | | | | 2 | | 3 | Establish petty cash fund | | | | 3 | | 4 | | | | | 4 |

📝 Answered - Manoj, a tech enthusiast, started an app development business. Although technically sound, he struggled to retain team members, delegate responsibilities, and resolve internal conflicts. The high turnover started affecting project deliveries and customer trust. How does effective team handling contribute to the long-term success of an entrepreneurial venture?

📝 Answered - Which of these statements is included in the draft of the budget? A. A statement of financial positions B. An income statement, a balance sheet, and a cash flow statement C. An expense report D. A sales forecast only