Using a Base Year as 100% and Expressing Other Years

question 60

Multiple Choice

Using a base year as 100% and expressing other years as a percentage of the base year is an example of

• A)trend analysis.
• B)vertical analysis.
• C)horizontal analysis.
• D)benchmarking.

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Definitions:

Entrepreneurial Behavior

Actions and attitudes that reflect an inclination towards innovation, risk-taking, and the creation of new value or business ventures.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Risk Assumption

The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.

Entrepreneur

An individual who creates, launches, and manages a new business, typically taking on significant financial risk.