Which of the Following Statements About Using Books for Business

question 113

Multiple Choice

Which of the following statements about using books for business research is accurate?

• A)Because books are obsolete, they should never be used for business research.
• B)Books provide excellent historical, in-depth data.
• C)Books are best for finding current data about technical trends.
• D)Most business reports are based on research found in books.

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Definitions:

Inventory

The total value of a company's raw materials, work-in-progress, and finished goods that are considered assets on a balance sheet.

Account Receivable

Amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of a business.

Supplies

Items used in the day-to-day operations of a business, often consumable in nature, such as office supplies, manufacturing materials, or maintenance necessities.