Guidelines (rules-of-thumb)are general standards of comparison 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 developed from past experience rather than industry statistics, analysis of competitors, relations between financial items or from Dun and Bradstreet. They are established as standards of comparison for the purpose of evaluation and decision-making.

Guidelines (Rules-Of-Thumb)are General Standards of Comparison Developed From