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    Business
  3. Study Set
    Managerial Accounting
  4. Exam
    Exam 13: Appendix: Managerial Analysis of Financial Statements
  5. Question
    Describe the Warnings Managers Should Note When Using Industry Averages
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Describe the Warnings Managers Should Note When Using Industry Averages

Question 42

Question 42

Essay

Describe the warnings managers should note when using industry averages or norms.

Correct Answer:

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1. Avoid generalizations; every company ...

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