Use the Table Below to Answer the Following Questions

question 185

Multiple Choice

Use the table below to answer the following questions.
Table 3.1.1

-Refer to Table 3.1.1. Between 2013 and 2014, the price of coffee relative to the price of tea ________, while the price of coffee relative to the price of cola ________.

• A)rose; rose
• B)rose; fell
• C)fell; rose
• D)fell; fell
• E)fell; stayed constant

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Definitions:

Management Reports

Periodic reports generated within an organization that provide critical financial and operational information to managers for decision-making purposes.

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards designed to improve the clarity, consistency, and comparability of the communication of financial information.

Internal Revenue Code

The codification of the federal tax laws and regulations in the United States, governing tax obligations.

Statement of Cash Flows

A financial report that shows the changes in an entity's cash balance over a specific period, detailing sources and uses of cash.