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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Please answer all part of questions, thanks.

Transcribed Image Text:Use the cash flow data below to answer Question 1.
Cash Flow Data for Samantha's Online Tutoring
August 2011 $ September 2011 $
October 2011 $
Cash Balance
3 000
(as of the first day of the
month)
Sales
COGS
10 000
17 000
19 000
5 000
9 000
3 000
6 000
Expenses
5 000
11 000
1. What is the cash balance on the 1st November 2011?
A. $8 000
B. $10 000
С. $36 000
D. $2 000
2. Which of the following statements best describes Quality Assurance?
A. A system of responsibility in the entire business
B. Small groups of employees who discuss quality problems
С. The
process of inspection and maintenance of the quality of goods
D. An independent body setting the quality level of goods
3. Which of the following is the first step in the market research process?
A. Determining market needs
B. Determining information needs
C. Data analysis and interpretation
D. Determining how to collect data
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