Asked in Investing and Financial Markets, Business Accounting and Bookkeeping, India Colleges and Universities
How would you define an activity in the context of activity-based management?
An activity is a business task, or an aggregation of closely related purposeful actions, with clear beginning and ending points, that consumes resources and produces outputs. An activity could be a single task or a simple process. ...
Asked in Business and Industry
Why is owner of a business is interested in the activity of a business?
The activity of the business is what generates money for the business and the owner will want to maximize income. ...
Asked in Business & Finance
What are types of business activity?
Any activity which results in monetary transaction is a business activity. The only apparent exception is barter activities. Still they are also considered ass business activity, as they result in value addition that can be converted into money. Thus all activity with an intent for value addition. measured in terms of money, can be classified as business activity. ...
Asked in Business and Industry, DIY Projects
How do you Change Principal Business Activity for a LLC already register?
You will need to fill out a Change of Registration form with the state office you originally filed your LLC with. Input the new business activity on the form and when the new business activity will start. Contact the IRS and update your business activity code via phone or mail. ...
Asked in Business Accounting and Bookkeeping
Is rent expense an other expense?
If rent is paid for any activity which is directly related with the primary business activity then rent is not other expense, but if rent is paid for activity which is not directly related to primary business activity then it is other expense. ...