Which of the Following Is Correct Concerning the Executive Summary

question 96

Multiple Choice

Which of the following is correct concerning the executive summary (abstract) in the preliminary pages and the summary that appears as a final section of the report body?

• A)Only one or the other is necessary, since they would contain the same information.
• B)Both are necessary because the executive summary summarizes the essential elements of the entire report and the summary reviews the main points presented in the report's findings.
• C)Both are essential because they are prescribed sections in the APA style.
• D)Neither is necessary in a well-written, concise report.

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Definitions:

Financial Statement

A documented account detailing the commercial operations and fiscal outcomes of an enterprise.

Normal Balance

The usual balance of an account based on its classification in the accounting system, typically debit for assets and expenses, and credit for liabilities, equity, and revenue.

Financial Statement

Formal records of the financial activities and position of a business, person, or other entity.

Direct Write-off Method

An accounting approach where bad debts are recognized and recorded as an expense directly when they are deemed uncollectible.