Adventures Company Provides Event Management Services

question 22

Multiple Choice

Adventures Company provides event management services.The company has three employees,each assigned to specific customers.The company considers each employee's territory as a business segment.The following data relate to its three segments for the month of June:

The business segments had the following number of customers: Francisco,24 ;Liu,28;and Jordan,33.The total fixed costs for the month of June amount to $3400.Which business segment was the most profitable?

• A)Francisco
• B)Liu
• C)Jordan
• D)Both Francisco and Liu are equally profitable

Distinguish between financial statements and tax forms preparation principles.

Understand the components and presentation of a balance sheet.

Recognize the elements and significance of owners' equity.

Identify the main objective of financial reporting.

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Definitions:

Stories

In an organizational context, stories are narratives shared among members to communicate values, norms, and practices within the organization.

Integrity

The quality of being honest and having strong moral principles, or moral uprightness.

Honesty

The quality of being truthful, transparent, and fair in all interactions, a fundamental ethical principle in personal and professional contexts.

Control

The power to influence or direct people's behavior or the course of events.