All of the Following Are Examples of Potential Anomalies Except

question 16

Multiple Choice

All of the following are examples of potential anomalies except _____.

• A) outliers
• B) a large variation in base pay for a job at one company
• C) one company dominates the results
• D) a large variation in average base pay for a job across companies

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Definitions:

Base Year

A reference year used for comparative financial analysis, serving as a benchmark for evaluating changes over time.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Trend Percentages

An analytical tool used to examine changes in financial statements items over various periods, expressing each item as a percentage of its value in the base year.

Base Period

A specific time period used as a standard of comparison for financial or economic data.