1.The two major types of reports in business are the:A. formal and informal.B. s

1.The two major types of reports in business are the:A. formal and informal.B. statistical and formal.C. informal and memo.D. informal and periodic.2.The type of report used most frequently within business organizations is the:A. formal report.B. informal report.C. statistical report.D. research report.3.Memo reports flow:A. upward.B. downward.C. laterally.D. in all directions.4. Formal business reports may be used:A. both internally and externally.B. when little time is available for research.C. when the outcome is usually known.D. mainly for external use only.