Question 1

Example of business financial information:

Accepted Answer

sales invoice

Question 2

A manager is most likely to use financial information for which situation?

Accepted Answer

In determining resources available to fund a new project

Answer

In establishing lines of authority within an organization

Answer

For researching the demographics of a new target market

Answer

For calculating the number of on-the-job injuries in the past year

Question 3

A business can use financial information to identify trends.

Accepted Answer

true

Answer

false

Question 4

While reviewing financial information, Troy noted that the company earned $245,956 in January, $248,122 in February, and $252,878 in March. Which most likely summarizes the financial situation?

Accepted Answer

Sales are steadily increasing.

Answer

Capital assets are depreciating at a slower rate.

Answer

Cash flow continues to be tight.

Answer

Accounts receivable exceed accounts payable.

Related quizzes

Related quizzes