Nordic Exports Inc

question 188

Multiple Choice

Nordic Exports Inc.reported net income of $150,000 for 2017,but its cash balance decreased $40,000.Which financial statement should Nordic Exports' management refer to for an explanation of this situation?

• A)Balance sheet
• B)Income statement
• C)Statement of retained earnings
• D)Statement of cash flows

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Definitions:

Proactive Managers

Leaders who anticipate future challenges and opportunities and take early action to address them effectively.

Contingency Plans

Prepared strategies to address unforeseen or unexpected events, ensuring that operations can continue or be quickly restored.

Crisis Management

The process by which an organization deals with major unpredictable events that threaten to harm the organization or its stakeholders.

Crisis Management

The process and strategies used by an organization to deal with sudden and significant negative events that have the potential to harm the organization.