Which One of the Following Statements Is Correct

question 89

Multiple Choice

Which one of the following statements is correct?

• A)Book values should always be given precedence over market values.
• B)Financial statements are frequently used as the basis for performance evaluations.
• C)Historical information provides no value to someone who is predicting future performance.
• D)Potential lenders place little value on financial statement information.
• E)Reviewing financial information over time has very limited value.

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Definitions:

Concepts

Generalized ideas representing categories or classes of objects, events, or activities, sharing common characteristics.

Spoken Vocabulary

The set of words and phrases a person can understand and use in oral communication.

Sign Language

A visual language that uses manual communication, body language, and facial expressions to convey meaning, primarily used by deaf people.

Convergent Thinking

A cognitive process that involves focusing on finding a single, correct answer to a problem, as opposed to generating multiple solutions.