Which of the following best describes a balance sheet?

A) Reports cash receipts and cash disbursements for a specific accounting period
B) Reports investment activities for a specified accounting period
C) Reports revenues and expenses for a specific accounting period
D) Reports the amount and composition of assets and liabilities at a specified point in time


Answer: D

Business

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Cycles defined in years as an evaluation is most related to these categories of business

A) fast food, utilities, long-distance telephone service B) retail shopping, movies C) ice cream, soft drinks and cold remedies D) durable goods' replacement cycles

Business

Affirmative or positive action means that employers must:

a. Help both employers and employees see the positive in people b. Emphasize what an employer should do versus what they should not do c. Act directly and aggressively to remove all barriers d. Implement quotas until equal representation has been achieved

Business

Region Construction Company has a right to drive its trucks across Staple Business, Inc's property, which is adjacent to Region's office. This right is

a. a license. b. an easement. c. a profit. d. the power of eminent domain.

Business

The focus of a DSS is on decision-making effectiveness when faced with ____ problems.

A. unstructured B. semistructured C. structured D. either a. or b.

Business