Which of the Following Is Always True

question 30

Multiple Choice

Which of the following is always true?

• A)Net income is the amount of cash generated by a business.
• B)Net income represents the change in the company's value during the period.
• C)The measurement of income involves only counting.
• D)Net income results when revenues exceed expenses.

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Definitions:

Trend

A pattern or direction in data, often over time, indicating a movement or change in variables, which can be upward, downward, or steady in financial and scientific analyses.

Seasonality

Patterns or variations that occur in data at specific regular intervals less than a year, often due to weather, holidays, or other cyclical events.

Mean Square Error

A measure of the average of the squares of the errors or deviations, indicating the difference between the estimators and what is estimated.

Mean Absolute Percentage Error

A measure used to predict accuracy in statistics, expressing the average absolute difference between observed and forecasted values as a percentage.