ITEE ITEE-1 | страница 428

Q17. b Section 1-1 Corporate activities Answer Explanation An income statement describes business results for a specific time period. It provides insight into a corporation’s business performance by breaking down the income and expenses, and calculating the profit or loss. Also referred to as a P/L (Profit and Loss) statement. Q18. a Section 1-2 Legal affairs Answer Explanation In a service contract, the employee performs work under the instruction of the employer, even if working out of the office of the client. This differs from dispatching in terms of who issues the instructions. In dispatching, the dispatched person performs work under the instruction of the client. Q19. c Section 3-2 System planning Answer Explanation The client issues purchase order (A) in response to the quotation from Company X. After Company X receives the order, it issues order confirmation (B) and delivers the products to the customer. After confirming that the products have been delivered, the client issues inspection sheet (C), and Company X issues invoice (D) to the client. Q20. a Section 1-1 Corporate activities Answer Explanation The expected number of visitors is calculated by multiplying the number of visitors expected by the chance of each type of weather, and adding them up. The expected number of visitors for each venue is calculated as follows: Venue A: (30×0.5) + (15×0.3) + (10×0.2) = 21.5 Venue B: (20×0.5) + (30×0.3) + (5×0.2) = 20 Venue C: (15×0.5) + (20×0.3) + (15×0.2) = 16.5 Venue D: (25×0.5) + (15×0.3) + (10×0.2) = 19 Therefore, Venue A can be expected to draw the most number of visitors. Q21. a Section 2-3 Business industry Answer Explanation An information appliance is a consumer electronics product that is used to connect to a network or the Internet. Q22. b Section 2-2 Technological strategy management Answer Explanation MRP (Material Requirements Planning) calculates the total amount of components that need to be produced for products scheduled to be manufactured. The total amount of components is compared against the amount in inventory to derive the optimum amount of components to order. Therefore, the inventory status is necessary in order to calculate the shortage amount. 22