Determining the Percentage Change in an Item from One Year

question 50

True/False

Determining the percentage change in an item from one year to the next is a type of horizontal analysis.

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Definitions:

Major Modifications

Significant changes or alterations to a system, product, or structure, often requiring considerable work and resources.

Environmental Impact Statement

A document that the National Environmental Policy Act requires federal agencies to prepare in connection with any legislative proposals or proposed actions that will significantly affect the environment.

NEPA

Stands for the National Environmental Policy Act, a U.S. federal law that promotes the enhancement of the environment and establishes the necessary processes for environmental impact statements.

Local Municipality

A city, town, or other district possessing corporate status and usually its own local government within a larger state or nation.