Question

It is not advisable for small business to use the services of CPA's and lawyers because most businesses are too small to afford the expense:

A. True
B. False

Answer 1

The answer is B or false.

Step-by-step explanation:

While CPAs and lawyers are expensive and small businesses dont have a lot of financial resources, it would still be important to hire either one depending on circumstances. There are many situations where it would be worth it to spend that money for a needed service, instead of the business owners trying to do that service themself, as that would cost more money.

Answer 2

The statement is false because small business can benefit from CPA and lawyer services in financial and legal matters, and these services can be tailored to fit small business budgets.

Step-by-step explanation:

The statement that it is not advisable for small businesses to use the services of CPAs and lawyers because most businesses are too small to afford the expense is false.

Small businesses can significantly benefit from the expertise of CPAs (Certified Public Accountants) and lawyers, especially when dealing with financial, tax, legal compliance, and contractual issues.

While the costs might seem prohibitive at first, the value gained from avoiding legal pitfalls, optimizing tax positions, and making sound financial decisions can far outweigh the expenses.

Additionally, there are scalable services and flexible options tailored to small businesses, making these professional services accessible and often essential even for smaller enterprises.