BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Give two reasons that the physical records created by budgets are important. because (1) they are a record of financial information that otherwise would be too difficult to keep track of, and (2) they provide the framework for a company’s annual financial reports.
Detailed explanation-2: -UPCs are used by Amazon, and other retailers, to identify and track products for sale. UPCs are printed on product packaging and labels, and can be scanned by customers at check-out to quickly and accurately record product information.
Detailed explanation-3: -What are some types of financial records that businesses must keep? The balance sheet-reports assets, liabilities, and owner’s equity as of a specific date. The income statement-reports sales, expenses, and net profit or loss for a specified time period.