A(n) _________ represents the profits or losses incurred by an organization.
A. expense budget
B. income statement
C. ratio analysis
D. capital expenditures budget
E. balance sheet
B. income statement
The income statement summarizes an organization's financial results, or its revenues and expenses, over a specified period of time, such as a quarter or a year.
You might also like to view...
Most routine business communication benefits from an indirect organizational plan which involves placing the main idea after the supporting details
Indicate whether the statement is true or false.
Managers at Swim-Tex have informed members of the purchasing department to change straight rebuy situations to modified rebuys. What does this most likely mean for members of the Swim-Tex purchasing department?
A) renegotiating prices with vendors B) simplifying the buying process C) building strategic alliances D) forming a new value chain E) focusing on a decision in the process that is not an issue for the customer
Habitat for Humanity has used persuasion to effectively gain donations of time, talent, and resources
Indicate whether the statement is true or false
Multichannel retailers are retailers that
A. utilize and integrate a combination of traditional store formats and nonstore formats. B. sell different products through entirely different channels. C. combine two channels for their offerings: one for products and the other for services. D. utilize strategic and tactical wholesalers. E. sell through different channels under different brand names.