Critical Thinking Questions

question 400

Short Answer

Critical Thinking Questions
Case 1-1
Your manager has just asked you to create a PowerPoint slide presentation to be delivered at your company's next sales meeting. She expects you to construct the presentation slide by slide based on data in a Word document.
You have 11 Level 1 headings in the Word outline. How many slides will this generate in PowerPoint?
a. 9
b. 10
c. 11
d. It is impossible to say until the import is complete.

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold to customers.

Materials Inventory

A stock of raw materials and components that are stored by a company and used in the production of its goods.

Transactions

The exchanges or transfers of goods, services, or funds that result in changes to the financial position of a business.

Journalize

The process of recording financial transactions in a company's journal, marking the first step in the accounting cycle.