Which of the Following Guidelines Will Help in Minimizing Human

question 55

Multiple Choice

Which of the following guidelines will help in minimizing human errors in the report-writing process?

• A) Adding color to interpretations to make the report more interesting
• B) Refraining from comparing noncomparable data
• C) Making the facts more exciting than they actually are
• D) Refraining from collecting representative data.
• E) Making glib conclusions and recommendations as much as possible.

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company in using its assets to generate sales.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects receivables or the speed of their customer payments.

Average Receivables

A measure that summarises the average amount of accounts receivable over a specific period, often used to assess the effectiveness of a company's credit and collection policies.