Which of the Following Is True of Short Reports

question 20

Multiple Choice

Which of the following is true of short reports?

• A) Shorter reports addressed to internal audiences are less likely to use the direct order.
• B) Shorter reports are constructed using mechanics that are very different from the mechanics used to construct the more formal, longer types.
• C) Unlike longer reports, shorter reports have a great need for introductory information.
• D) Unlike longer reports, a shorter report does not include graphics, an appendix, and a bibliography.
• E) Shorter reports, like longer reports, use headings, though usually only one or two levels because of their brevity.

---

Definitions:

Gross profit

The difference between revenue and the cost of goods sold before accounting for certain other costs like operating expenses.

Perpetual inventory system

Inventory accounting where transactions are recorded in real-time, updating the inventory account continuously.

LIFO inventory cost method

A method in accounting where the last item of inventory purchased is the first one used or sold.

Ending inventory

The value of goods available for sale at the end of an accounting period, crucial for determining cost of goods sold and net income.