Business Reports That List No Individual Detail Records,just Totals,are Called

question 3

Multiple Choice

Business reports that list no individual detail records,just totals,are called ____ reports.

• A) overall
• B) summary
• C) executive
• D) roll-up

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Definitions:

Consumer Surplus

The discrepancy between what consumers anticipate paying for a good or service and the actual cost they bear.

International Trade

The exchange of goods and services between countries, which can increase market competition and lead to better product diversity and lower prices.

World Price

The global market price of a good or service when it is traded internationally.

Free Trade

The economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move across borders without regulatory or tariff barriers.