The Formula for the Percentage Change in a Financial Statement

question 16

Multiple Choice

The formula for the percentage change in a financial statement line item is the current year amount:

• A)divided by the base year amount.
• B)minus the base year amount divided by the base year amount.
• C)minus the base year amount divided by current year amount.
• D)added to the base year amount divided by the base year amount.

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Definitions:

PERT

Program Evaluation and Review Technique is a project management tool used to plan, schedule, and control complex projects by analyzing tasks and their time estimates.

Critical Path

The sequence of stages determining the minimum time needed for an operation, project, or process development.

Variance

A statistical measure that represents the dispersion or spread of a set of data points or values around their mean.

Time-Cost Tradeoffs

In project management, the relationship between the time to complete a task and the cost associated with it, illustrating how increasing speed can lead to higher costs.