Which statement best reflects the basis for running a small enterprise, according to the material?

• A. Keeping books, taxes, and deciding whether to accept credit cards are core tasks
• B. Product design is the only essential task
• C. Marketing is irrelevant
• D. Hiring is the only focus

Answer: (A)

The main idea here is that running a small enterprise rests on managing money and staying compliant. Keeping books gives you a clear picture of income, expenses, profitability, and cash flow. That visibility is essential for making informed decisions and ensuring you can meet obligations like paying suppliers and employees. Taxes are a legal requirement; staying on top of them prevents penalties and keeps the business in good standing. Deciding whether to accept credit cards affects how customers pay, speeds up revenue collection, and influences cash flow and costs, so choosing payment methods thoughtfully supports daily operations and growth.

Product design, marketing, and hiring are important for growth, but they rely on solid financial management and compliance to be feasible and sustainable. Without good bookkeeping and tax handling, you can’t budget, invest in development, or scale effectively. So, focusing on these financial and compliance tasks captures the foundational activities that enable the rest of the business to function.