Which of the Following Is Not Assumed Before the Implementation

question 91

Multiple Choice

Which of the following is not assumed before the implementation of a policy?

• A)The appropriate policy is selected instantaneously.
• B)The appropriate policy is implemented instantaneously.
• C)Once implemented,the policy works as advertised.
• D)The policy,once implemented,works in no time.
• E)Lags that reduce the effectiveness of the policy are predictable.

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Definitions:

Income Statement

A financial statement that shows a company’s revenues, expenses, and net income over a specified period of time, demonstrating the company's financial performance.

Earnings Per Share

A company's net income divided by the number of outstanding shares of its common stock, indicating the amount of profit each share is entitled to.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position at a specific point in time, detailing assets, liabilities, and equity.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, resulting in a net income or loss.