Which of the Following Is Not a Reason Why a Company

question 7

Multiple Choice

Which of the following is not a reason why a company first prepares a worksheet?

• A) simplify recording of adjusting and closing entries in the general journal
• B) substitute for the trial balance
• C) make it easier to prepare financial statements
• D) minimize errors

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Definitions:

Shopping Products

Goods that require consumer research and comparison of brands before purchase because of their higher price or quality, such as appliances or clothing.

Product Mix

The assortment of product lines and individual goods and services that a firm offers to consumers and business users.

Product Line

Group of related products marked by physical similarities or intended for the same market.

Product Cluster

A collection of products grouped together because of similar characteristics or because they target a similar market segment.