Max's Tire Center Company

question 4

Multiple Choice

Max's Tire Center Company
Selected data from the financial statements of Max's Tire Center are provided below.

- Refer to the selected data provided for Max's Tire Center. Which of the following would result from a horizontal analysis of Max's income statement?

• A) Net sales increased by $10,000 or 2.78% during 2012.
• B) Net sales increased by $2,300 or 10.0% during 2012.
• C) Net sales is $360,000 in 2012.
• D) Net sales decreased by $2,300 or 10.0% during 2012.

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Definitions:

Validity

How well a psychometric test measures what it is intended to measure.

Reliability

How consistently a psychometric test produces similar results each time it is used.

Stereotype Threat

Apprehension about confirming negative stereotypes related to a person’s own group.

Nonvaluative

Pertaining to an approach or judgment that does not involve ascribing value, worth, or merit.