Determining the Percentage Changes in Line Items on Financial Statements

question 61

True/False

Determining the percentage changes in line items on financial statements for two consecutive years is called horizontal analysis.

---

Definitions:

Quality of Work Life

Refers to the degree to which individuals are able to satisfy their important personal needs while employed by an organization.

Environmental Concerns

Issues related to the protection of the natural environment due to pollution, depletion of resources, and loss of biodiversity.

Core Culture

The fundamental beliefs, values, and practices that are central and intrinsic to an organization or group, shaping its identity and ways of operating.

Task Environment

The immediate external environment that affects an organization's operations, including competitors, customers, suppliers, and regulations.