Daniel Wishes to Create a Financial Blueprint for a Future

question 102

Multiple Choice

Daniel wishes to create a financial blueprint for a future period that reflects such items as expected sales revenues,operating expenses,and cash receipts and disbursements.Daniel wants to create a(n) ________.

• A)sales forecast
• B)statement of cash flows
• C)income statement
• D)budget

Discern the appropriate situations for using letters, e-mails, and memos in a business context.

Understand the function and formatting of business letters in external communication.

Identify effective opening and closing statements in response to claims and requests.

Understand the guidelines for drafting clear, logical instructions and claims in a business setting.

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Definitions:

Physical Controls

Controls that restrict unauthorized individuals from gaining access to a company’s computer facilities.

Risk Transference

The strategy of transferring the potential impact of specific risks from one party to another, often by using insurance or other contractual agreements.

Purchasing Insurance

The act of buying protection against financial losses from an insurance company.

VPN

Virtual Private Network; a secured network that encrypts and transmits data while it travels from one point to another on the internet, providing privacy and protection.