Which of the Following Is a Reason for the Drastic

question 7

Multiple Choice

Which of the following is a reason for the drastic changes in small business management trends?

• A) Accounting departments become independent of computer support
• B) Diverse shift toward less people-related activities
• C) Improvements in communications and computer technology
• D) Excess supply of managerial talent

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Definitions:

Operating Cycle

The time it takes for a company to purchase inventory, sell it to customers, and collect the cash from the sale.

Automobile Manufacturer

A company engaged in the designing, production, marketing, and selling of motor vehicles.

Earnings Per Share

A financial ratio indicating the portion of a company's profit allocated to each outstanding share of common stock.

Income Statement

The income statement is a financial statement that shows a company's revenues and expenses over a specific period, demonstrating how the revenues are transformed into net income or loss.