Suppose You Need to Make a Decision, but You Must

question 70

Multiple Choice

Suppose you need to make a decision, but you must think quickly and so you don't consider all the evidence.What type of thinking are you using?

• A)heuristic
• B)algorithm
• C)insight
• D)forecasting

---

Definitions:

Intracompany Comparisons

Intracompany comparisons involve analyzing the financial performance and operational efficiencies within different segments or departments of the same company.

Intercompany Comparisons

The evaluation and analysis of financial statements and performance between different departments or subsidiaries within the same company.

Consistency

An accounting principle that requires companies to apply the same accounting methods and procedures from period to period.

Comparative Financial Statements

Financial reports that provide information for multiple periods, typically side by side, allowing for an easier analysis of financial performance over time.