Financial ratios allow quick and easy comparison between businesses
Finance and Accounting Strategy

Quiz
•
Social Studies
•
12th Grade
•
Hard
Maya Kharishma
Used 8+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advantage of financial ratio
Disadvantage of financial ratio
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Companies can window dress their statistics, which might make them misleading from the perspective external stakeholders
Advantage of financial ratio
Disadvantage of financial ratio
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial ratios only explain what has happened, and does not necessarily explain why it has happened
Advantage of financial ratio
Disadvantage of financial ratio
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial ratios are prone to the flaw of averages, which might mask important details
Advantage of financial ratio
Disadvantage of financial ratio
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify which statement is best describes window dressing
accounts focus on historical financial events rather looking into d future
Theproblems that arise when averages are used torepresent uncertain outcome
Creative Accounting that could lead the user of the accounts to be misled
The standardised system of accounting used all over the world
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The graph show the monthly profit in a given year. Does the statistic alone accurately summarise the plight of the business
Yes, the flaw avergaes mask period of profit make
No, the flaw averages masks periods of loss make
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Window dressing is the deliberate and fraudulent deception of users accounts
True
False
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