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An entrepreneur regularly records income and expenses. This is part of which function?

Answer and explanation

Correct answer: Record keeping

Record keeping is the regular creation and maintenance of accurate business records, including income, expenses, purchases, sales, and payments. These records help calculate profit, monitor cash, and support decisions. Market expansion, employee motivation, and product design may use information but do not mean recording transactions.

Related tags

Record KeepingIncome ExpensesQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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