Statements that show the financial statements as if proposed transactions had already occurred are called:
A. Temporary statements.
B. Interim statements.
C. Professional statements.
D. Pro forma statements.
E. Simplified statements.
Answer: D
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A(n) ________ comprises a group of customers or a geographical area assigned to a salesperson.
A. sales quota B. MSA C. sales territory D. market development area E. market potential
The U.S. Attorney General brought a Sherman Act lawsuit against competitors in the widget market. The Attorney General alleged that these companies agreed to charge $20 for widgets. Which of the following defenses may apply?
a. That the $20 price was fair. b. That the $20 price was lower than the price before the agreement. c. That the businesses did not agree to charge $20 for widgets. d. That the competitors would have gone out of business without the agreement.
Administrative statutes issued by an agency are known as:
a. legislative rules. b. interpretive rules. c. hybrid rules. d. procedural rules.
Which of the following techniques involves the study and consolidation of historical data for a business and an industry?
A) descriptive analytics B) prescriptive analytics C) predictive analytics D) management science E) operations research