In Calculating the Percentage of Change (For a Comparative Financial

question 59

True/False

In calculating the percentage of change (for a comparative financial statement), the amount for the year prior serves as the base.

---

Definitions:

Employee Meeting

A gathering or assembly of employees within an organization, often held to discuss company policies, objectives, strategies, or other work-related matters.

Union

An organization formed by workers to protect their rights and interests through collective bargaining.

NRLB

Likely refers to the National Labor Relations Board, an independent US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Unfair Labor Practices

Improper employment practices by either an employer or a union.