What does an income statement show?

What will be an ideal response?


The income statement reflects the profitability of a company by showing revenue and operating expenses. The difference between revenue and expense is profit or loss. The income statement highlights management's efficiency at minimizing expenses while maximizing profits.

Business

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_____, those without which the business cannot conduct its operations, are given the highest priority by the disaster recovery coordinator.

A. Backup applications B. Customer applications C. Mission-critical applications D. Recovery applications

Business

Explain the problems that underlie the lack of information in an organization.

What will be an ideal response?

Business

The 15-year-old car didn't dazzle students or members of the opposite sex, but it started every morning and evening and got the professor to his destination on time, thereby scoring high on the:

A) psychological impressions scale of quality. B) fitness for use scale of quality. C) support scale of quality. D) bells and whistles scale of quality.

Business

The Electronic Signatures in Global and National Commerce Act:

A) makes electronic records and signatures valid and enforceable across the United States for many types of transactions affecting interstate commerce. B) excludes all transactions covered under the UCC. C) was enacted by all the states after being promulgated as a uniform act. D) defines an "electronic agent" as a true agent.

Business