The Three Main Components of an Operating Statement Are Sales

question 21

True/False

The three main components of an operating statement are sales, costs, and profit or loss.

---

Definitions:

Steroid

Lipid with four carbon rings, no fatty acid tails.

Exocrine Gland

Gland that secretes milk, sweat, saliva, or some other substance through a duct.

Endocrine Gland

Ductless gland; aggregation of hormone-secreting epithelial cells with associated connective tissue and blood vessels.

Pancreas

A glandular organ in the digestive and endocrine systems of vertebrates that produces enzymes for digestion and hormones such as insulin for blood sugar regulation.