You would like to compare your firm's cost structure to that of your competitors. However, your competitors are much larger in size than your firm. Which one of these would best enable you to compare costs across your industry?
A) Pro forma balance sheet
B) Common-size income statement
C) Statement of cash flows
D) Pro forma income statement
E) Common-size balance sheet
B) Common-size income statement
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Team norms greatly influence the dynamics of the team, especially in two areas, ______ and ______.
What will be an ideal response?
If a company makes a prior period adjustment, which of the following describes how it must be reported?
A) The adjustment is recorded in retained earnings, and previous years' financial statements presented for comparative purposes are not changed. B) The adjustment is recorded in retained earnings, and previous years' financial statements presented for comparative purposes are adjusted. C) The adjustment is reported in the current period's income statement as a separate item. D) The adjustment is recorded as a deferred asset or deferred liability and amortized using the straight-line method.
Which of the following statements on the impact of apologies on trust repair is false?
A. Timing of the apology is irrelevant to effectiveness. B. The apology is more likely to be accepted if the break of trust was not caused by deceptive behavior. C. The more sincere an apology, the more effective it is in repairing trust. D. An offer of some kind of verbal statement acknowledging broken trust is more effective than not making any comment.
Name four categories of nonfinancial measures of quality and provide an example of each