With Increased Computer Technology, the Ability to Read and Understand

question 139

True/False

With increased computer technology, the ability to read and understand financial statements is no longer an important skill for managers.

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Definitions:

Capital Gain

The profit from the sale of assets or investments when the sale price exceeds the purchase price.

Geometric Average Return

The average rate of return of an investment calculated by multiplying n variables and then taking the n-th root.

Dividends

Profits distributed by a corporation to its members, typically in the form of payments.

Expected Rate Of Return

The anticipated amount of profit or loss an investment generates, based on historical or estimated performances.