Guidelines (rules-of-thumb) are developed from:
A) Industry statistics from the government.
B) Past experience.
C) Analysis of competitors.
D) Relations between financial items.
E) Dun and Bradstreet.

Question

Quizplus · Accepted Answer

Guidelines are typically developed from past experience, such as previous successful practices or mistakes, and serve as general rules of thumb in decision-making. Other sources, such as industry statistics or analysis of competitors, may inform the development of guidelines but are not the primary source. Dun and Bradstreet provides business credit reporting services and would not be a source for guidelines. Relations between financial items may be a consideration in developing guidelines, but again, past experience is typically the primary factor.

Guidelines (Rules-Of-Thumb) Are Developed From