Out of the Three Levels of Information Needs in the Financial

question 3

Multiple Choice

Out of the three levels of information needs in the financial management of a company,the first level is:

• A)An operations level
• B)The strategic level
• C)The management level
• D)The analysis and decision support level.

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Definitions:

Initial Cost

The total expense incurred to acquire an asset, including the purchase price and any other costs necessary to get the asset ready for use.

Corporate Tax Rate

The percentage of a corporation's profits that it must pay as tax to the government.

Straight Line Basis

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Market Value

The current price at which an asset or service can be bought or sold in the open market.