The Best Advice for Preparing a Formal Business Report Is

question 39

Multiple Choice

The best advice for preparing a formal business report is to

• A) collect data and write the report at the same time.
• B) record ideas quickly and save revision until after the first draft is completed.
• C) complete the hardest sections first to gain a sense of accomplishment.
• D) use the same verb tense throughout the report for consistency.

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Definitions:

Depreciation

Systematically dividing the cost of a tangible asset across its life of utility.

Financial Statements

Papers detailing a business's financial status, comprising the income statement, balance sheet, and statement of cash flows.

Net Income

The company's resulting profit when all deductions, including expenses and taxes, are made from the total income.

Classified Balance Sheet

A financial statement that organizes assets, liabilities, and equity into subcategories for detailed understanding.