Which of the Following Is FALSE Concerning an Extemporaneous Business

question 98

Multiple Choice

Which of the following is FALSE concerning an extemporaneous business presentation?

• A)The presentation is planned, prepared, and rehearsed.
• B)The speaker may utilize note cards, an outline, or other reminders during the presentation.
• C)The presentation is written in detail to serve as a visual reminder during the delivery.
• D)All of the above are true.

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Definitions:

Remote Contingent Liability

A potential financial obligation that is considered to be unlikely to occur; it is noted in financial statements as a footnote to provide full disclosure.

Accrual

A method of accounting that recognizes revenue and expenses when they are incurred, regardless of when cash transactions occur.

Disclosure

Disclosure involves the act of making new or important information known, especially about the financial or operational state of a company.

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the normal operating cycle of the business, whichever is longer.