A Group That an Individual Identifies with and Uses as a Standard

question 431

Multiple Choice

A group that an individual identifies with and uses as a standard for social comparison is called a __________ group.

• A)focus
• B)personal identification
• C)reference
• D)membership comparison

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Definitions:

Vertical Analysis

A method in financial statement analysis where each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.

Income Statements

Income Statements are financial reports that summarize a company's revenues, expenses, and profits or losses over a specific period, typically a fiscal quarter or year.

Trend

A general direction in which something is developing or changing.

Adjusted Trial Balance

A trial balance after adjustments, showing the balances of all accounts including those adjusted, which will be used for preparing financial statements.