Shifts in the Number of Clients Served by an Agency

question 5

Multiple Choice

Shifts in the number of clients served by an agency are considered

• A)alarming if the number goes up because this indicates that the agency is not reducing instances of the problem.
• B)positive if the number goes up because this means that the services provided are valuable and needed by the community.
• C)alarming if the number goes down because this means that there is no longer a need for services.
• D)all of the above

---

Definitions:

Periodic Inventory System

An accounting method where inventory is physically counted at specific intervals to determine the cost of goods sold and ending inventory levels.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating how much a company earns from its core business activities before subtracting overheads.

Cost of Goods Available for Sale

The total cost of goods that a company has in its inventory and available for sale, including those purchased or manufactured.

Income Statement

A financial report that shows a company’s revenues and expenses over a period of time, leading to net profit or loss.