Multiple Choice
Blake took a marketing class at the local community college before starting his landscape business. He decided that his time would be better utilized in this class because if he could learn to sell his services well, the revenues and profits would follow. Your assessment of his plan might include which of the following?
A) Blake understands that marketing is the lifeblood of the company, and he is right on track with his approach.
B) Blake has elected to operate like a virtual company and leave various parts of the business including accounting, environmental trends scanning, and management to outsourcers.
C) Blake knows that increasing revenues will always keep the business profitable and in a positive cash position.
D) Blake needs to realize that the ability to understand and interpret financial statements provided by his accountant might enhance his profits.
Correct Answer:

Verified
Correct Answer:
Verified
Q258: Assets are listed on the balance sheet
Q259: George works in the accounting department at
Q260: Kimberly has been helping Jonah in preparing
Q261: The income statement reports the difference between
Q262: Leverage ratios indicate the extent to which
Q264: The most liquid asset is<br>A) sales.<br>B) cash.<br>C)
Q265: It is impossible to run a company
Q266: A company's income statement is important to
Q267: The best way for a firm to
Q268: Today's computerized accounting programs are<br>A) very helpful