By Definition, How Many People Does It Take to Make

question 58

Multiple Choice

By definition, how many people does it take to make an organization?

• A) Two or more
• B) One or more
• C) More than fifty
• D) More than twenty
• E) At least six

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Definitions:

Financial Statement

Summarized reports that convey the financial status, performance, and cash flows of a business or individual over a specific period.

Permanent/Temporary

Categories that describe the expected tenure or duration of a job, position, or assignment, denoting whether it is expected to last indefinitely (permanent) or for a limited time period (temporary).

Normal Balance

The typical side (debit or credit) on which an account increases, depending on its type (asset, liability, equity, revenue, or expense).

Financial Statement

Reports that provide detailed information about a company's financial performance and position, including income statements, balance sheets, and statements of cash flows.