Which of the Following Statements Is True About Business Games

question 22

Multiple Choice

Which of the following statements is true about business games?

• A)They are generally used as a standalone training method.
• B)They can take up to several weeks to complete.
• C)To be effective games should require trainees to make a minimum of six decisions.
• D)Games do not require learning objectives.
• E)A & D Answer B
• Difficulty Easy
• Page ref 212-213

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Definitions:

Cash Flow Statement

A cash flow statement is a financial report that provides aggregate data regarding all cash inflows and outflows a company receives.

Deferred Expense

Deferred Expense is an expenditure that is made in advance and included in assets to be used or consumed in a future period.

Prepaid Insurance

An asset account that represents insurance premiums paid in advance, which are expensed over the period the insurance coverage relates to.

Expense Incurred

Costs that a company recognizes and records on its financial statements for accounting periods in which they were incurred.