When Can You Use Slang in a Report

question 21

Multiple Choice

When can you use slang in a report?

• A) Never
• B) Only when told to do so by a supervisor
• C) Only when giving an exact or necessary quote
• D) Only when citing someone else's report

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Definitions:

FIFO Method

"First-In, First-Out," an inventory valuation method that assumes the first items placed into inventory are the first ones sold.

Current Period

The specific duration of time, typically the present month, quarter, or year, for which financial activities are being recorded and analyzed.

Process Cost Summary

A report that aggregates the costs associated with a process or a series of processes, showing material, labor, and overhead for a period.