Which One of the Following Is Not Considered to Be

question 16

Multiple Choice

Which one of the following is not considered to be an internal operating schedule?

• A) income statement
• B) cost of production schedule
• C) cost of goods sold schedule
• D) inventories schedule

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Definitions:

Social Security

The social insurance program in the United States financed by federal payroll taxes on employers and employees and designed to replace a portion of the earnings lost when workers become disabled, retire, or die.

Monetary Policy

A central bank’s changing of the money supply to influence interest rates and assist the economy in achieving price-level stability, full employment, and economic growth.

U.S. Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing banking services.

Bank of Japan

The central bank of Japan, responsible for issuing currency, implementing monetary policy, and maintaining the stability of the Japanese financial system.