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Business Administration Quiz (Business, Statement, Income)

Goods that the consumer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price and style are called _______ goods.

Product ______ is a period of rapid market acceptance and increasing profits.

For management, budgeting is perhaps the most powerful_____.

The income statement is a summary of:

Any increase in an asset item is a source of funds.

One benefit of using ratio analysis when interpreting financial statements is that:

Depreciation is a book-keeping entry that allocates the cost of assets against income but does not involve any movement of capital.

Planting and policy making are primarily functions of:

An informal organization often exists within a business because:

In marketing, selling and buying would be called the:

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