Which of the Following Is Not a Commonly Used Source

question 26

Multiple Choice

Which of the following is not a commonly used source of information for financial analysis?

• A) A consultant's analysis of industry conditions
• B) Key employees' guesses about future trends
• C) The Securities and Exchange Commission's filings
• D) The firm's annual report
• E) The economic data from a forecasting firm

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Definitions:

Financial Statements

Formal records that outline the financial activities and position of a business, person, or entity.

Full Disclosure Principle

An accounting principle that requires companies to provide all necessary information in their financial statements that could affect the understanding of those statements.

Competitive Advantage

The unique advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Technological Innovations

New or improved technological products or processes that significantly advance the state of the art, within any field of technology.