Which of the Following Statements Is TRUE If You Wish

question 10

Multiple Choice

Which of the following statements is TRUE if you wish to compare two sets of fixed base relatives with different bases?

• A) The bases of both sets should be altered to equal 100 for the most recent time period
• B) The base of one set should be altered so that figures use the same time period as a base
• C) The time series trend of both data sets should be used to make a comparison
• D) Such a comparison is not possible, new data should be collected using a common base

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Definitions:

Impracticable

A situation or task that is impossible to carry out or accomplish due to practical limitations.

Reasonable Commercial Standards

The accepted norms and practices within a specific industry that are considered fair and appropriate.

Honesty in Fact

A concept referring to the genuine intention or belief without intent to deceive in transactions or dealings.

Conform to Contract

The requirement that goods or services supplied under a contract must meet the specifications agreed upon in the contract.