About 80 Percent of the Information That Comes from the External

question 43

Multiple Choice

About 80 percent of the information that comes from the external environment and makes up our perception comes from

• A) sound.
• B) smell.
• C) sight.
• D) taste.

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Definitions:

Treasury Stock

Shares that were once a part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Transactions

Economic events that affect a business's financial position, involving the transfer of assets, provision of services, or incurring of obligations.

Merchandise Inventory

Products that a retailer, wholesaler, or distributor has on hand to sell to customers.