Scientific Notation Uses Increments of 1000 as Well as Word

question 14

True/False

Scientific notation uses increments of 1000 as well as word abbreviations to make large and small numbers less confusing.

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Definitions:

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Voting Stock

Shares that give the holder the right to vote on company matters, such as electing the board of directors.

Contingent Payment

A payment that is not guaranteed but depends on the occurrence of a certain event or condition in the future.