Which of the Following Statements Is TRUE

question 44

Multiple Choice

Which of the following statements is TRUE?

• A) Because the research report is all that most executives will see of a project, it is the basis for their evaluation of the research project.
• B) If the research team has worked exceptionally hard on the project at hand, a sloppy report will still show the amount of effort explained.
• C) Executives are easily convinced of the usefulness of the report's findings with a lot of statistics in the body of the report.
• D) The research report does not need to describe the research method because it is over the heads of the audience.
• E) All of the above are false.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the accounts for the next period.

Merchandising Business

A type of business that purchases goods and sells them to consumers without changing their form.

Service Business

A business that provides intangible products or services to customers, often involving skilled labor or professional expertise.

Gross Profit

The difference between revenue and the cost of goods sold, before accounting for certain other costs such as operating expenses.