A Manager Has the Task of Collecting and Analyzing Data

question 34

Multiple Choice

A manager has the task of collecting and analyzing data that will help the firm decide where to locate its international operations.Which of the following best describes how the manager should handle this task?

• A) conduct extensive research, regardless of the expense, in order to avoid costly mistakes
• B) compare the costs of data collection with the probable payoff for the firm in order to budget and schedule the collection
• C) continue data gathering until all data have been collected, regardless of how long this takes
• D) focus all data collection on governmental resources because they have the highest reliability

---

Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made for accruals, deferrals, and errors to prepare for financial statement generation.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.

Service Revenue

Income earned by a company for the services it has provided to its customers.

Common Stock

Represents ownership shares in a corporation, giving holders a claim on part of the company's profits and assets.