_____ Is the Strategy of Increasing Sales by Introducing New

question 33

Multiple Choice

_____ is the strategy of increasing sales by introducing new products into new markets.

• A) Product penetration
• B) Product development
• C) Market penetration
• D) Market development
• E) Diversification

Understand the process and purpose of preparing an adjusted trial balance.

Identify the role and composition of a worksheet in accounting.

Know how to close accounts, including income summary and dividends, at the end of the fiscal year.

Comprehend the process of preparing financial statements from a worksheet.

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Definitions:

Property Plant and Equipment

Long-term tangible assets held for use in the production or supply of goods or services, or for rental to others.

Consolidation

The act of merging various elements, especially financial accounts from different entities, into a comprehensive aggregate for reporting purposes.

Cum-dividend Basis

A way of pricing shares where the buyer is entitled to receive a declared dividend, as the purchase is made before the ex-dividend date.

Dividend

A payout made by a corporation to its shareholders, usually as a distribution of profits.