Answer:
All of the statements above are correct.
Explanation:
All of the following statements listed below are correct and true about business management;
1. Many large firms operate different divisions in different industries, and this makes it hard to develop a meaningful set of industry benchmarks for these types of firms.
Hence, industry average or benchmarks are more applicable to a small and medium enterprise than it's to large enterprises. The industry benchmark is a process that is focused on comparing an industry with other successful industries.
2. Financial ratios should be interpreted with caution because there exist seasonal and accounting differences that can reduce their comparability.
Hence, it is important to interpret financial ratios with care and reasonable logic as factors such as inflation and depreciation.
3. Financial ratios should be interpreted with caution because it may be difficult to say with certainty what is a "good" value is neither high nor low.
4. Ratio analysis facilitates comparisons by standardizing numbers.
Ratio analysis can be defined as the analysis and comparison of various line items in the financial statements of a business such as the income statement or balance sheet, in order to gain insight into its operational efficiency, profitability and liquidity. Types of ratio analysis are liquidity, efficiency, solvency, market value, and profitability ratio.
The recency effect happens when robust points are made on the quit of a message and are considered the most persuasive.
The definition of persuasive is a person or something with the energy to persuade. An instance of persuasion is a controversy that changes someone's mind. adjective.
Someone or something that is persuasive is likely to influence a person to consider or do a selected thing. What do you observe were a number of the extra persuasive arguments on the alternative side? I may be very persuasive once I need to be.
A person with persuasive character development is capable of persuading others to do, accept as true with, or buy things. How they do it varies widely and regularly depends on their average persona kind (A, B, C, and D in our tests). some persuasive human beings have confident, sturdy personalities that others have a tendency to go along with.
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Answer:
The federal budget deficit is equal to the excess of federal spending relative to federal revenues during a year.
Explanation:
A federal budget deficit occurs when planned expenditures in the country exceed the projected revenue collection. In short, expenses exceed income. A country will have a budget deficit if it spends more than it collects from taxes and other sources.
A budget deficit is financed through borrowing. The Federal budget deficit can be reduced by increasing revenue collection or cutting down expenses. Collecting more revenue can be achieved by raising taxes or increasing economic growth. Raising taxes requires much consideration; excessive taxation may slow down economic growth.
Answer: Credit, income statement
Explanation: Revenues refers to the amount of income a business receives from its customers by performing their core activities.
Credit balance in an account depicts that the relative account is your property and someone owes you that balance. As noted earlier, revenue is the amount earned by the company and is owed by the customers , therefore, it has a credit balance.
Income statement refers to the statement that depicts the performance of the firm for the year and is used to ascertain profit. Revenue is recorded in the income statement so that after deducting the expenses, income could be ascertained.