Complete the Following Using the Terms Listed

question 105

Multiple Choice

Complete the following using the terms listed.
-An organization's overall financial performance is measured by its _____,which evaluates the ability to generate revenues in excess of operating costs and other expenses.

• A)certified public accountant
• B)International Financial Reporting Standards
• C)asset
• D)liability
• E)Owners' equity
• F)accounting equation
• G)balance sheet
• H)income statement
• I)Sarbanes-Oxley Act (SOX)
• J)accrual accounting
• K)open book management
• L)budget
• M)generally accepted accounting principles (GAAP)
• N)Financial Accounting Standards Board (FASB)
• O)profitability ratios
• P)International Accounting Standards Committee (IASC)
• Q)Leverage ratios
• R)management accountant

---

Definitions:

Salaries

Refers to the regular payments made to employees for their work or services, typically expressed in terms of annual amounts or hourly rates.

Provinces

Administrative divisions within a country, with specific governmental responsibilities distinct from the central government; often used in reference to Canada's political structure.

Occupation

a person's job or profession.

Body Fat Percentages

A measure of the proportion of fat in an individual's body compared to their total body mass.