Question

Business events include?

1) creating a new employee record
2) receiving a payment from a customer
3) submitting a purchase order to a vendor
4) all of the above

Answer 1

Business events encompass various actions with financial consequences, including creating employee records, receiving customer payments, and submitting purchase orders, so the answer is 'all of the above'.

Step-by-step explanation:

The question pertains to business events, which are actions that have financial or economic implications for a company. These events include a variety of activities that are necessary for the day-to-day operations, strategic planning, and compliance with legal and tax regulations. Creating a new employee record is a clerical activity with implications for payroll taxes and employment tax. Receiving a payment from a customer impacts sales and cash flow, relating directly to the company's revenue and income tax. Lastly, submitting a purchase order to a vendor is part of the procurement process that affects expenses and the financial planning of the business. Therefore, the correct answer is 4) all of the above.