Which of the Following Is True About Purpose Statements

question 21

Multiple Choice

Which of the following is true about purpose statements?

• A) Purpose statements are not used when the problem statements are stated in a business report.
• B) Infinitive phrases are avoided when writing purpose statements.
• C) Purpose statements are short constructions, consisting of one or two words, and they merely identify the topic of discussion.
• D) Purpose statements are placed at the end of business reports.
• E) Purpose statements are often written in the form of a question.

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Definitions:

UCC Article 4A

Governs the transfer of funds through electronic means between banks, establishing a legal framework for such transactions.

Wholesale Funds Transfers

involves the large-scale movement of money, typically through electronic systems, between banking institutions or within large corporations.

Credit Transactions

Financial agreements where payment is deferred to a future date, including loans, credit card purchases, and lines of credit.

Service Charge

A fee collected for the provision of a service, often added to the cost of services in areas like hospitality, banking, and real estate.