In ratio analysis, a comparison to a standard industry ratio is made to isolate ________ deviations from the norm
A) greater than average
B) negative
C) marginal
D) standard
B
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Which of the following is the most important qualitative factor that auditors should consider when making materiality judgments?
A. A misstatement exceeded five percent of net income. B. The auditor also provides consulting services to the audit client. C. The audit committee is not well-educated about the accounting principle in question. D. The misstatement will cause the client to fail to meet an earnings forecast.
A consumer purchase decision made with a great deal of consumer effort is a type of ________
A) habitual decision making B) extended problem solving C) independent heuristic rating D) dependent heuristic rating E) limited problem solving
Income statement accounts are also known as which of the following?
A) Temporary accounts B) Real accounts C) Permanent accounts D) Asset accounts
You would probably choose an HMO over traditional insurance, if
A) you wanted only basic health care coverage. B) you wanted more complete basic health care coverage. C) you wanted better major medical coverage. D) you liked to be pampered.