When Calculating Trend Percentages,all Percentages Shown Are Relative To

question 194

Multiple Choice

When calculating trend percentages,all percentages shown are relative to:

• A) the immediately preceding year
• B) the current year
• C) the base year
• D) an average index calculated for all the years shown

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Definitions:

Personnel Expenses

Costs associated with employing personnel, including salaries, benefits, and payroll taxes.

Planning Budget

A budget prepared before the beginning of a financial period as a plan for earning and spending, based on expected activities and conditions.

Selling

The process of promoting and transferring ownership of a product or service to customers in exchange for money or value.

Administrative Expenses

Costs related to the general operation of a business, including salaries of executives, office supplies, and utilities.