Which of These Statements Is False

question 27

Multiple Choice

Which of these statements is false?

• A)Many companies will not clearly fit into any one industry.
• B)A financial service uses its best judgment as to which industry the firm best fits.
• C)The analysis of an entity's financial statements can be more meaningful if the results are compared with industry averages and with results of competitors.
• D)When using industry averages,it is often necessary to use an industry that the firm best fits.
• E)A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

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Definitions:

Business

Individuals or organizations who try to earn a profit by providing products that satisfy people’s needs.

Marketing Activities

Various actions or strategies undertaken by a company to promote its products or services and increase its market share.