Select the correct answer. Why does an organization prepare a Balance Sheet?

A. to reveal what the organization owns and owes at a point in time
B. to reveal how well the company utilizes its cash
C. to calculate retained earnings for a given accounting period
D. to calculate gross profit for a given accounting period

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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