Guidelines (Rules of Thumb)are Developed from

question 119

Multiple Choice

Guidelines (rules of thumb) are developed from

• A)Past experience
• B)Industry statistics
• C)Analysis of competitors
• D)Relations between financial items
• E)Past experience and relations between financial items

---

Definitions:

Internet Companies

Businesses that operate primarily on the internet, offering services such as social networking, online shopping, and information sharing.

Fundamentals

The basic elements or principles of a subject, theory, or system.

Over-optimism

Over-optimism refers to the tendency of individuals to hold an unrealistically positive view of the future or the outcomes of events, which can affect decision-making processes.

Unrealistic Belief

A conviction or expectation that does not align with actual facts or evidence, often based on incorrect assumptions or misinformation.