It determines wether or not you are ready for college-level studies or if you'll need a few more preparatory classes.
Answer: The correct answer is a. true.
Explanation: If there is a supply glut and demand is falling, there will definitely be a fall in price. The same principle applies if Organization of Petroleum Exporting Countries (OPEC) disagree to cut production, price for domestic crude oil would fall.
The scenario above is similar to the recent happenings regarding the impacts of coronavirus on global economy and is very fresh in our memories. According to the TheNation Newspapers, "oil prices tanked more than seven per cent at the weekend to their lowest levels since mid-2017 after Russia balked at OPEC's proposed steep production cuts to stabilize prices."
OPEC is proposing a cut in oil production, but if this is not done, the impact on Brent would be devastating as the price would fall further.
The choice of major should come first
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Answer:
<h2>In this case,the answer would be the the last option among the answer list or options given in the question or Develop knowledge of the firm and the quality of management.</h2>
Explanation:
- The steps of any financial statement analysis involve preparation of pro-forma financial statements which contain the future predictions about the financial situations or the cash flow scenario of any company or business organisation.
- Another step of the analysis is a thorough industrial analysis in the context of any company or business organisation's particular product or service.This construes a profound and detailed evaluation of the value chain of the concerned product or service manufactured and sold by the company or the organisation.
- An extremely important step of the financial statement analysis is to identify the primary objectives of such analysis and to which concerned stakeholders or entities it will impact and in what way/s.It also sets the required materials or resources needed for the analysis and predictable amount of time required to conduct the analysis.
- However,financial statement analysis does not apparently warrants any analysis of the administrative or management qualities of any company or business organisation.It only concerns those activities or operations conducted by the firm or company which eventually directly or indirectly relates to the financial operation and cash flow scenario of the firm or company.
