Case WD 3-1 Kayla Is an Assistant to the President

question 30

Multiple Choice

Case WD 3-1 Kayla is an assistant to the president of a small company. Her assignment is to create a fax cover sheet with the new company address and logo, and she needs to complete it quickly. Kayla can use a ____ as a model for a fax cover sheet.

• A) template
• B) placeholder
• C) cover page
• D) quick style

---

Definitions:

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, usually comprising the balance sheet, income statement, and cash flow statement.

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau and used by lenders to determine a loan applicant's creditworthiness.

Aging of Receivables

The process of categorizing accounts receivable according to the length of time an invoice has been outstanding for better management of credit risk.

Extending Credit

The act of allowing a buyer to purchase goods or services now and pay for them later, typically involving terms and conditions regarding repayment.