Which of the Following Statements Concerning the Management Discussion and Analysis

question 49

Multiple Choice

Which of the following statements concerning the management discussion and analysis (MD&A) of a company's financial condition is true?
I.It should cover the financial statements and other statistical data for the most recent three-year time span.
II.It should make year-to-year comparisons of material changes in the line items.
III.Management need not explain the cause(s) of the material changes.
IV.Disclosure of material off-balance sheet transactions,arrangements,and obligations is required in each annual and each quarterly report.

• A)I,II,and IV
• B)II and III
• C)I,III,and IV
• D)I,II,III,and IV

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Definitions:

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs representing resources or other constraints.

Specialization and Trade

The practice where individuals or entities focus on the production of specific goods or services to trade for others, increasing efficiency and consumer choice.

Terms of Trade

The proportion between a country's export price index and its import price index.

Snow Boards

Not an economic term, likely refers to snowboards, which are equipment used for snowboarding.