A Type of Business System Which Is Used to Develop

question 38

Multiple Choice

A type of business system which is used to develop accurate forecasts of customer demand, recommend stocks and bonds for an investment portfolio is known as which of the following?

• A)upgrade management system
• B)decision support system
• C)executive information system
• D)data information system

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Definitions:

Comparative Balance Sheets

Financial statements that present the financial position of a company at different points in time for comparison.

Current Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Investing Activities

Parts of a company's cash flow statement that show the amount of money spent or received from investments in assets, securities, and other financial instruments.

Reconciling Columns

Columns used in a reconciliation process to adjust the differences between two sets of records for accuracy.