Geb 4522: Exam 2 Review Questions
with Complete Solutions 2026.
A Cover Letter is only used for a resume. (T/F) - Answer False
Which of the following is the main purpose of an executive summary?
-To help time starved managers efficiently review documents
-To organize your thoughts as you write
- To introduce the content of the report
-To provide a more thorough analysis - Answer To help time starved managers efficiently
review documents
Which of the following belongs in your executive summary?
-The recommended course of action
-Detailed graphs
-Extensive background information
-A direct address to the client of record - Answer The recommended course of action
When is an executive summary written? - Answer After the final report is completed
You should NOT use headings in an executive summary. (T/F) - Answer False
Which program(s) will automatically create a Table of Contents from your section headings? -
Answer Microsoft Word and Google Docs
An executive summary replaces the need for an introduction. (T/F) - Answer False
What is the maximum number of lines a paragraph should be to make it easily readable? -
Answer 10
Which of the following would an index help measure?
-Market size
- Total Sales
, - Market penetration
- Average price - Answer market penetration
For ratios to be useful and meaningful, they should be: - Answer Calculated consistently
from period to period
For which of the following are ratios not regularly used for comparison?
- Prior periods
-Other companies outside of your industry
-Other companies in your industry
- Internal goals - Answer Other companies outside of your industry
Which type of ratios measure how well the business is performing over a specific period, and
will it have the resources to continue? - Answer Profitability Sustainability Ratios
Which of the following is not a challenge of using historical data to forecast future
performance?
-Failure to adjust for inflation
-Benchmark values change over time
-Changes in the general state of the economy
-Changes in policies established by management - Answer Benchmark values change over
time
A sales increase of 5% is always good. (T/F) - Answer False
Benchmarking is... - Answer An activity that tells you your position or status by comparing
yourself to others
Which is not a benefit of benchmarking?
- Mimicking another company
- Improved quality
-Better performance
-Leveraging areas of strength - Answer Mimicking another company
Which of the following is not a factor in evaluating the data used to benchmark.
with Complete Solutions 2026.
A Cover Letter is only used for a resume. (T/F) - Answer False
Which of the following is the main purpose of an executive summary?
-To help time starved managers efficiently review documents
-To organize your thoughts as you write
- To introduce the content of the report
-To provide a more thorough analysis - Answer To help time starved managers efficiently
review documents
Which of the following belongs in your executive summary?
-The recommended course of action
-Detailed graphs
-Extensive background information
-A direct address to the client of record - Answer The recommended course of action
When is an executive summary written? - Answer After the final report is completed
You should NOT use headings in an executive summary. (T/F) - Answer False
Which program(s) will automatically create a Table of Contents from your section headings? -
Answer Microsoft Word and Google Docs
An executive summary replaces the need for an introduction. (T/F) - Answer False
What is the maximum number of lines a paragraph should be to make it easily readable? -
Answer 10
Which of the following would an index help measure?
-Market size
- Total Sales
, - Market penetration
- Average price - Answer market penetration
For ratios to be useful and meaningful, they should be: - Answer Calculated consistently
from period to period
For which of the following are ratios not regularly used for comparison?
- Prior periods
-Other companies outside of your industry
-Other companies in your industry
- Internal goals - Answer Other companies outside of your industry
Which type of ratios measure how well the business is performing over a specific period, and
will it have the resources to continue? - Answer Profitability Sustainability Ratios
Which of the following is not a challenge of using historical data to forecast future
performance?
-Failure to adjust for inflation
-Benchmark values change over time
-Changes in the general state of the economy
-Changes in policies established by management - Answer Benchmark values change over
time
A sales increase of 5% is always good. (T/F) - Answer False
Benchmarking is... - Answer An activity that tells you your position or status by comparing
yourself to others
Which is not a benefit of benchmarking?
- Mimicking another company
- Improved quality
-Better performance
-Leveraging areas of strength - Answer Mimicking another company
Which of the following is not a factor in evaluating the data used to benchmark.
