What are some of the limitations of financial ratios?
What will be an ideal response?
Some ratios are based on accounting terms that are based on management choices (FIFO vs LIFO) or can be manipulated (net income). This may lead to ratios that don’t adequately capture the firm’s true economic performance. Marcoeconomic events like inflation or recessions can distort a company's financial statements for that period. This makes a time-series comparison questionable. Also, some firms operate across various industries. Finding meaningful ratios can be problematic.
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As the "conscience" of an organization, public relations practitioners should ________
A) advocate to divulge everything about the organizations for which they work B) always remember to ask, "Are we doing the right thing?" C) advocate to impose rigorous regulations against corporate criminals D) ignore criticism that business ethics are non-existent
To open a file for writing, set the second parameter of the OpenTextFile method to ______
(a) 8 (b) 3 (c) 2 (d) 1
Among order takers, ________ visit customers and replenish inventory stocks of resellers, whereas ________ typically answer simple questions, take orders, and complete transactions with customers.
A. inside order takers; outside order takers B. salesclerks; inbound telemarketers C. outside order takers; inside order takers D. inside order takers; outside sales clerks E. inside order clerks; outside order takers
The purpose of project evaluation is to assess how well
A. The project team and team members performed. B. The team members performed. C. The project team, team members and project manager performed. D. The project manager performed. E. The project team performed.