Refer to IT's About Business 5

question 66

Multiple Choice

Refer to IT's About Business 5.1 - Predicting Airplane Arrivals More Accurately: The purpose of the first Flight Quest contest was to_______.

• A)make it easier for pilots to submit their flight plans.
• B)develop an algorithm that could help airlines better predict flight arrival times and reduce delays.
• C)determine the best flight path for individual flights.
• D)get baggage off planes faster.

---

Definitions:

Comprehensive Income

The change in equity of a company during a period from transactions and other events from non-owner sources, including all revenues, gains, expenses, and losses.

Tax Effect

The impact of tax laws on business transactions, which influences how these transactions are structured and reported.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.