Which of the Following Statements About Formal and Informal Research

question 58

Multiple Choice

Which of the following statements about formal and informal research is least accurate? 

• A)Long reports and complex business problems generally require some use of formal research.
• B)When you work on a business report, avoid using the Web for research because much of what is available on the Web isn't credible.
• C)Most routine writing tasks require data that you can collect informally.
• D)Some routine writing tasks will require no research at all.

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Definitions:

Notes Payable

Written promises to pay a specified sum of money, typically to a lender, by a certain date.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Normal Balance

The usual balance side (debit or credit) of an account, determined by the type of account, which helps in maintaining the double-entry accounting system.

Temporary/Permanent

Refers to the nature of differences affecting financial reporting; temporary differences resolve over time, whereas permanent differences do not.