A Financial Statement That Shows Each Line Item as a Percentage

question 53

Multiple Choice

A financial statement that shows each line item as a percentage of one key item on the statement is referred to as a:

• A)benchmarking.
• B)common-size statement.
• C)horizontal analysis.
• D)financial ratio analysis.

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Definitions:

Manufacturer Negligent

A situation when a manufacturer fails to ensure the safety and efficacy of their product, resulting in harm to consumers.

Failing To Warn

The legal culpability faced by an entity for not properly informing consumers or users of a product's latent dangers or risks, potentially leading to harm.

Ease Of Warning

The simplicity with which potential risks or dangers can be communicated to the public or stakeholders.

Strict Product Liability

A legal doctrine that makes manufacturers, distributors, or retailers liable for damages caused by defective products, regardless of fault or negligence.