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Questions and Answers
Which of the following best describes a branch office?
Which of the following best describes a branch office?
- An establishment that carries on a completely different activity than the head office
- An establishment that carries on a similar activity as the head office but in a different location
- An establishment that carries on a different activity than the head office
- An establishment that carries on the same or substantially the same activity as the head office (correct)
What is the relationship between a branch office and a head office?
What is the relationship between a branch office and a head office?
- A branch office cannot exist without a head office (correct)
- A branch office is a smaller version of the head office
- A branch office is a completely separate entity from the head office
- A branch office is a subsidiary of the head office
What is the advantage of having branch offices?
What is the advantage of having branch offices?
- Branch offices increase the distance between the company and its clients
- Branch offices reduce the need for face to face interaction with customers
- Branch offices have no advantages
- Branch offices allow for easy expansion of business (correct)
How can branches be classified from an accounting point of view?
How can branches be classified from an accounting point of view?
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What is the main difference between independent and dependent branches?
What is the main difference between independent and dependent branches?
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