Critical Thinking Questions Case 7-2 a Team of Coworkers from the Marketing

question 49

Multiple Choice

Critical Thinking Questions Case 7-2 A team of coworkers from the marketing department are holding a brainstorming session on ways to add more visual interest to a sales data workbook and, at the same time, improve user understanding of the data and calculations included in the workbook. They invite you to be part of the discussion. Mark wants to illustrate trends in the average sales price for several products. You suggest that he ____.

• A) add a chart using the 3-D cone chart type to illustrate the trends
• B) create a new worksheet and add several drawing shapes, such as rectangles or arrows, containing text that describes the trends in the average sales prices
• C) add pictures of each product trend
• D) insert a WordArt title explanation on the sales data worksheet

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Definitions:

Bank Reconciliation

The process of ensuring that a company’s bank account balance matches its financial records, identifying discrepancies and making adjustments as necessary.

Internal Controls

Systems and steps a corporation takes to verify the accuracy of financial and accounting reports, encourage responsible behavior, and stop dishonest practices.

Journal

A record where all financial transactions are entered in chronological order, serving as the initial place of recording.

Error Indicating

A term that refers to signals or signs that there are mistakes within a system or process.