Typically,in a start-up firm,salaries are not the best use of cash.A guideline is for the owner to draw a salary that is about ________ below the market rate for a similar position.
A)5-10 percent
B)10-20 percent
C)20-25 percent
D)25-30 percent

Question

Quizplus · Accepted Answer

In a start-up firm, conserving cash is crucial, and owners often take a salary that is significantly below market rates to reinvest in the business. A reduction of 25-30 percent below the market rate is a common guideline.

Typically,in a Start-Up Firm,salaries Are Not the Best Use of Cash.A