In the Context of Account Classification, Which of the Following

question 31

Multiple Choice

In the context of account classification, which of the following is a characteristic of single-factor analysis?

• A) It employs a complex matrix system.
• B) Its usage recommends data manipulation.
• C) It requires extensive statistical analysis.
• D) It gives equal weightage to every account.
• E) It groups accounts on the basis of sales potential.

---

Definitions:

Import Protections

Measures such as tariffs and quotas that countries implement to protect their domestic industries from foreign competition.

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Import-Competing Industries

Sectors within an economy that produce goods or services in direct competition with imports, often affected by trade policies.

Comparative Advantage

The capacity of a person, business, or nation to generate a product or service with a lesser opportunity cost compared to rivals.