1. Lily operates a gift shop and has a lot of inventory to manage. She counts inventory once every 4 weeks. Preparing and placing orders (the order cycle) takes 2 weeks. The orders take 6 weeks to arrive. What is her needs period?
A) 8
B) 10
C) 12
D) 14
2. If a location offers incentives for moving in, it may be a sign of:
A) a thriving business.
B) gentrification.
C) problems.
D) bad plumbing.
3. Which of the following is a 100% deductible business expense for self-employed persons?
A) Health insurance
B) Life insurance
C) Homeowner's insurance
D) None of the above
