Reports That Are Not Subject to Change and Are Prepared

question 42

Multiple Choice

Reports that are not subject to change and are prepared from underlying data are referred to as ________.

• A) exception reports
• B) static reports
• C) subscription reports
• D) dynamic reports

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Definitions:

Quantity Changes

Variations in the amount of goods or services produced or consumed in response to changes in market conditions, such as price or consumer preference.

Price Changes

Variations in the cost of goods or services in the market over time.

Ockham's Razor

A principle stating that in explaining a thing, no more assumptions should be made than are necessary.

Irrelevant Detail

Information that does not have a direct impact on the conclusion or outcome of a particular issue or situation.