The Use of Sophisticated Information Sharing Platforms Has Increased in Recent

question 40

Multiple Choice

The use of sophisticated information sharing platforms has increased in recent years in many organizations.This has helped to

• A) facilitate internal and external collaboration.
• B) keep employees satisfied with social networks.
• C) override the need for email.
• D) increase paperwork.

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Definitions:

Horizontal Analysis

Also known as trend analysis, it compares financial statements line items over several periods to identify changes and trends.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Statement Of Income

A financial statement that shows a company’s revenues, expenses, and profit or loss over a specific time period, often quarterly or annually.