Rule-of-thumb measures are the best standards of comparison in financial performance evaluation.

Name: Rule-of-thumb measures are the best standards of comparison in financial performance evaluation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While rule-of-thumb measures may provide a quick and simple comparison, they may not take into account the specific circumstances and nuances of the organization being evaluated. Therefore, more thorough and individualized measures are usually necessary for accurate financial performance evaluation.

Rule-Of-Thumb Measures Are the Best Standards of Comparison in Financial