Which of the Following Statements Is False

question 66

Multiple Choice

Which of the following statements is false?

• A)When computing the component percentages for the income statement,net income is the base figure.
• B)Time-series analysis examines a company's performance over time.
• C)It is often useful to compare a company's performance with that of a competitor.
• D)The North American Industry Classification System assigns industry codes based on business operations.

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Definitions:

Savings Dollars

Funds that are saved and set aside for future use instead of being spent.

Flow

In the context of finance, it often refers to the movement of funds in and out of a business, project, or investment, including cash flow.

Continual Shortage

A persistent situation wherein the demand for a product or resource outweighs its supply, often resulting in sustained higher prices or unmet demand.

Floor Brokers

Professionals who execute trades on a trading floor of a stock exchange on behalf of clients.