As Daphne's business grew, she needed to find a new way to manage payroll for her employees, so she researched payroll companies to see which one would best meet her needs. Daphne was involved in a new buy situation.

This answer is True, Daphne is involved in a new buy situation.

Explanation: A new buy situation is one in which the buyer makes the purchase of a new product or service for the first time.

In the case presented above, Daphne will be purchasing the services of a payroll company for the first time. This is a new buy situation also known as new task purchase.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

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