Modified Multiple Choice in a Business Letter, the Inside Address

question 69

Multiple Choice

Modified Multiple Choice In a business letter, the inside address usually contains the addressee's ____.

• A) complimentary close
• B) business affiliation
• C) courtesy title
• D) full geographical address

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Definitions:

Contribution Format

An income statement format that separates fixed costs from variable costs to highlight the contribution margin of a company.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overheads) in the price of a product.

Variable Costing

An accounting method that includes all variable production costs (materials, labor, overhead) in product costs but treats fixed overhead expenses as period costs.

Reconciliation

The process of ensuring two sets of records (usually the balances of two accounts) are in agreement.