Asked by Zakia Pollard on May 20, 2024
Verified
A tax preparation firm
A) Service business
B) Manufacturing business
C) Merchandising business
Service Business
A service business is a type of business that provides intangible products or services to customers, as opposed to selling physical goods.
Tax Preparation
The process of compiling and filing income tax returns in compliance with legal requirements, often involving the calculation of taxes owed or refundable.
- Outline the distinctive operational activities of service, manufacturing, and merchandising businesses.
Verified Answer
VH
Valerie HuffmanMay 23, 2024
Final Answer :
A
Explanation :
A tax preparation firm provides services to individuals and companies to prepare and file tax returns. It does not manufacture any products or sell physical goods, which makes it a service business.
Learning Objectives
- Outline the distinctive operational activities of service, manufacturing, and merchandising businesses.