CLEP Marketing Practice Exam 2026 – All-in-One Guide to Achieve Top Scores!

An operating statement summarizes the financial results of a company over a specific period, typically detailing revenues earned and expenses incurred. This document is essential for understanding the business's operational efficiency and profitability. It provides insights into how much money a company has made through its core business activities after deducting costs associated with those activities.

This financial summary allows stakeholders, such as managers, investors, and creditors, to evaluate the company’s financial health and make informed decisions. It typically includes key figures such as gross revenue, operating expenses, and net income, enabling a clear snapshot of the company's operational performance during the reporting period.

The other options focus on different aspects of business management or reporting but do not accurately describe what an operating statement specifically summarizes. While a report on employee performance assesses workforce effectiveness, an analysis of market trends delves into external business conditions, and a review of company policies looks at internal regulations and guidelines—all of which are important but distinct from what an operating statement provides.