The drawback of studying absolute amounts reported in financial statements is the problem of differing materiality levels.
Answer the following statement true (T) or false (F)
True
Comparing only absolute amounts has drawbacks, however, because materiality levels differ from company to company or even from year to year for a given company. The materiality of information refers to its relative importance. An item is considered material if knowledge of it would influence the decision of a reasonably informed user.
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How does availability of complements act as a value driver?
A. Complements add value to a product by offering an inferior substitute to it. B. Complements add value to a product when they are consumed in tandem with it. C. Complements add value to a product when they imitate it. D. Complements add value to a product by competing with it.
Chief among the responsibilities of the president's press secretary is ________
A) covering up for the administration's errors B) communicating accurately the policies and practices of the President C) reporting what the President says at all times D) making a decision about a policy when cornered by media
Steve wants to gift a box of chocolates to his best friend. He walks into a store and buys Belgian chocolates because his friend once mentioned that they are the best in the world. This is an example of how consumers respond to ________.
A. price B. fitting the product to the culture C. quality D. brand strategy E. country-of-origin effect
With regard to the following areas of communication, which takes most of the manager’s time?
a. talking b. reading c. writing d. delegating e. listening