You Ask Your Secretary to Send Information on the Meetings

question 1

Multiple Choice

You ask your secretary to send information on the meetings that you need to attend in the month.He provides you the details immediately, but he leaves out certain additional details that he deems to be surplus to your requirements.Judge your secretary's action.

• A)The information that your secretary provided was partly good as it was timely, but insufficient.
• B)The secretary provided adequate and timely information, but the information did not add value to you.
• C)The information that your secretary gave will be considered as good information.
• D)The information that you obtained through the secretary was not timely and worth its cost.

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Definitions:

Vertical Analysis

An accounting method where each entry in a financial statement is listed as a percentage of another item, facilitating ratio analysis and comparisons.

Statement Of Financial Position

The statement of financial position, commonly known as the balance sheet, reports a company's assets, liabilities, and shareholders' equity at a specific point in time.

Current Liabilities

Obligations or debts that a company needs to settle within one fiscal year or its operating cycle, whichever is longer.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts, or financial statements, is represented as a proportion of the total account.