Which of the Following Is a Formal Report

question 14

Multiple Choice

Which of the following is a formal report?

• A) PowerPoint slides printed out and bound together
• B) Computer printouts of sales figures for the past six months
• C) A memo describing an event that will be retained on file
• D) A long document with a title page, a transmittal, and a table of contents
• E) A hard copy of a company' production figures

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not influence future business decisions.

Economic Decisions

Choices made by individuals, firms, or governments regarding the allocation of resources to satisfy needs and wants.

Marginal Decision Maker

is an individual or entity that makes choices based on the additional cost or benefit of the next unit of consumption or production.

Comparative Advantage

The ability of an entity to produce a good or offer a service at a lower opportunity cost than others, leading to more efficient trade.