The TPSs ______ Critical to the Success of Any Enterprise

question 80

Multiple Choice

The TPSs ______ critical to the success of any enterprise because they ________.

• A) are; don't help managers with business intelligence
• B) are; support core operations
• C) are not; don't help managers with business intelligence
• D) are not; support core operations

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Definitions:

Consolidation Adjusting Entries

Journal entries made in the process of preparing consolidated financial statements to eliminate intercompany transactions and balances.

Group Profit

is the total earnings of a conglomerate, calculated after all expenses and taxes, resulting from the operations of all its subsidiaries.

Retained Earnings

The portion of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt.