To Determine the Financial Condition of an Existing Business, It

question 18

Multiple Choice

To determine the financial condition of an existing business, it is necessary to compare ______ with ______ to identify where costs can be reduced or more money is needed.

• A) operating ratios; fiscal averages
• B) operating ratios; industry averages
• C) expense ratios; fiscal averages
• D) expense ratios; industry averages

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Definitions:

Face to Face

Direct interaction between two or more people, physically present in the same location, typically involving eye contact and verbal communication.

Self-Disclosure

The act of sharing personal thoughts, feelings, or information with others, often to build trust or intimacy in relationships.

Less Inhibited

Describes a state or condition where an individual shows reduced restraint or is more prone to expressing themselves freely and openly.

Narcissism

Narcissism is a psychological condition characterized by an inflated sense of self-importance, a deep need for excessive attention and admiration, and a lack of empathy for others.