Which of the Following Statements Is True of the Financial

question 50

Multiple Choice

Which of the following statements is true of the financial statements and reports found in a business plan?

• A) The financial statements include the balance sheet,cash flow,and expense accounts.
• B) The assumptions accompanying the financial statements are not as important as other components of the financials.
• C) For all types of business plans,a set of financial reports or projections are the central component of the Appendix.
• D) The assumptions are simply what you assume will happen in the first year.

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Definitions:

Histogram

A graphical representation of the distribution of numerical data, often using bars of different heights.

Skewed Histogram

A graphical representation of data distribution that is not symmetrical, with a longer tail on either the right or left side, indicating bias or anomaly in the data.

Tail

The section at the extreme end of a distribution curve, representing outcomes that are less likely to occur.

Histogram

A graphical representation of the distribution of numerical data, where the data are grouped into ranges and depicted as bars.