Portfolios Are an Excellent Tool to Use in Combination with Student-Lead

question 31

Multiple Choice

Portfolios are an excellent tool to use in combination with student-lead conferences for all of the following reasons, EXCEPT portfolios:

• A)help students see a connection to their learning within and outside of school and assume responsibility for their learning.
• B)save time as they can be passed around during the conference and read in silence while important information is discussed.
• C)focus on strengths and progress, while demonstrating growth towards curricular goals and objectives.
• D)enhance student-parent -teacher communication.

Apply budgeting principles to assess the financial needs of a company, including borrowing requirements.

Construct and analyze budgets for cash collections, merchandise purchases, and cash disbursements.

Evaluate the financial performance through budgeted net income and cash flow statements.

Understand the concepts and methodologies for preparing a master budget.

---

Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, highlighting the net profit or loss.

Perpetual Inventory System

An immediate inventory recording technique utilizing computerized point-of-sale systems and enterprise asset management software to document sales or purchases.

Freight In

The cost of transportation or shipping of raw materials or goods into a production facility or warehouse.

Periodic Method

An accounting system where inventory values and cost of goods sold are determined at the end of an accounting period.