The Study of an Individual Financial Statement Item Over Several

question 2

Multiple Choice

The study of an individual financial statement item over several accounting periods is called:

• A)Horizontal analysis.
• B)Vertical analysis.
• C)Ratio analysis.
• D)Time and motion analysis.

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Definitions:

Imports

Goods or services brought into one country from another for the purpose of trade.

Exports

Goods or services produced within one country and sold to buyers in another country.

United States

A federal republic in North America consisting of 50 states, a major global economic and political power.

Laissez-Faire Economics

A market system with minimal government intervention, where private parties are free to conduct business as they see fit.