Identifying the most important information first then providing successive layers of support is referred to as what?
A) Linear organization
B) Inverted pyramid
C) Executive summary
D) Micro rests
E) Indirect approach
Answer: B
Explanation: B) Use the inverted pyramid style favored by journalists, in which you reveal the most important information briefly at first and then provide successive layers of detail that readers can consume if they want. Note that you may need to avoid using the indirect approach if your message is complicated, because it will be more difficult to readers to follow your chain of reasoning.
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Which of the following audit procedures would be least likely to disclose the existence of related party transactions of a client during the period under audit?
A. Confirming purchases and sales transactions with the vendors and/or customers involved. B. Reading "conflict-of-interest" statements obtained by the client from its management. C. Scanning accounting records for large transactions at or just prior to the end of the period under audit. D. Reading minutes of the Board of Directors meetings for authorization or discussion of material transactions.
Which of the following statements is TRUE of an activity-based costing system?
A) It uses separate predetermined overhead allocation rates for each activity. B) It is not as accurate or precise as traditional costing systems. C) It accumulates overhead costs by processing departments. D) It is not as complex or as costly as traditional systems.
According to research on service industry companies, which of the following types of organizations rated highest in outcome orientation?
A. US Postal Service B. all service industry companies scored high C. transportation companies D. accounting firms
Traditional industrial age sales-training programs encouraged salespeople to make positive first impressions with customers and then to push the product to make a quick sale
Indicate whether the statement is true or false