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DaniilM [7]
3 years ago
11

Which of these statements is false? A company comparison should not be made with industry averages if the company does not clear

ly fit into any one industry. When using industry averages, it is often necessary to use an industry that the firm best fits. The analysis of an entity's financial statements can be more meaningful if the results are compared with industry averages and with results of competitors. Many companies will not clearly fit into any one industry. A financial service uses its best judgment as to which industry the firm best fits.
Business
1 answer:
ValentinkaMS [17]3 years ago
5 0

Answer:

A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

Explanation:

In Business management, it is important to note that many companies will not clearly fit into any one industry.

Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.

Any financial service sought after, should use its best judgment by analyzing and identifying which industry the firm best fits.

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Answer: Reference

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The reference group usually influences the consumer behaviour.

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3 years ago
When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to
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The nation’s <u>deficit rose </u>greatly as<u> inflation</u> and <u>unemployment</u> <u>fell</u> was an economic concern that was related to the achievement described in the passage.

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4 0
2 years ago
What two requirements of supply must someone meet to be considered a producer?
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8 0
3 years ago
John has an auto which is covered for collision losses subject to a $250 deductible. Kate's auto also has collision coverage but
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The deductible is the amount that a policy holder has to pay before the insurance company pays the remaining amount.

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3 0
2 years ago
GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2018, GoodBuy sold $960,000 of gift c
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Answer:

$849,000 gift card revenue should GoodBuy recognize in 2018

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3 0
3 years ago
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