If an Entity Suffered a $2,000 Loss for the Month

question 52

Multiple Choice

If an entity suffered a $2,000 loss for the month, which of the following statements is most likely true?

• A)The company's cash decreased $2,000.
• B)The company's shareholders need to invest $2,000.
• C)The costs incurred during the month exceeded the benefits.
• D)Not all of the revenues were collected during the month.

---

Definitions:

Population

The complete collection of people or cases that are the focus of the study.

Sample

A subset of individuals, objects, or measurements selected from a population that is used to make inferences about the overall population.

Specified Characteristic

A distinct property or attribute that has been identified or stipulated for observation or study.

Pie Chart

A round statistical diagram segmented into sections to represent numerical proportions.