Standard Setting Is Not an Exact Science,but There Are Some

question 28

True/False

Standard setting is not an exact science,but there are some hard and fast criterion for proving one standard right and the other one wrong.

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Definitions:

Payout

Refers to the distribution of financial rewards or dividends to shareholders or the disbursement of funds to satisfy debts or expenses.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Cumulative

Refers to the aggregate amount that has been gathered or accumulated over time.

Par Value

A nominal or face value assigned to a share of stock or a bond by the issuing company, often unrelated to its market value.