Before You Solve a Business Problem, Gather Relevant Data and Then

question 26

Multiple Choice

Before you solve a business problem, gather relevant data and then analyze it to find ____.

• A) trends
• B) indicators
• C) other related information
• D) all of the above

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Definitions:

Purpose

Purpose refers to the reason for which something is done or created or for which something exists.

General Journal Entry

A record in accounting that notes the debit and credit transactions affecting financial statements.

Cash Register

A machine used in retail for calculating and recording sales transactions and storing money.

Cash Sales

Cash sales refer to transactions where payment is made in cash at the time of sale, without deferral.