A Company Reported an Expense of $30,000 for the Current

question 46

Essay

A company reported an expense of $30,000 for the current year that was $6,000 higher than the previous year.The increase from last year to this year was ____________________ percent.

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Definitions:

Risk

The exposure to the chance of loss or adverse outcomes, which can stem from financial, operational, or strategic uncertainties.

Decision-Making

The act of choosing by pinpointing a decision, acquiring information, and considering various alternatives.

Use of intellect

The capability of applying knowledge and reasoning in problem-solving and decision-making processes.

Intuition

Relying on gut feelings or instincts to make decisions without the use of rational processes.