Samuel Is Responsible for Generating Monthly Reports on His Organization's

question 31

Multiple Choice

Samuel is responsible for generating monthly reports on his organization's sales figures.This month,he decided to pass the project along to one of his subordinates so that the subordinate can gain experience in data analysis and also to free up more of his own time for other duties.This is an example of:

• A)contracting.
• B)outsourcing.
• C)delegating.
• D)mentoring.

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Definitions:

Financial Data

Financial data encompasses quantitative information about a business's financial position, performance, and cash flows, typically found in financial statements.

Sales On Account

Transactions where revenue is recorded when a sale is made but the cash is collected at a later date.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by dividing current assets by current liabilities.

Financial Data

Information related to financial transactions, performance, and status of an entity.