Page 2 - HA FSA

(C) To know the efficiency of management
(D) All of the Above

07. Analysis of Financial Statements is significant:
(A) For Creditors
(B) For Managers
(C) For Employees
(D) For all of the above

08. Financial analysis becomes significant because it :
(A) Ignores price level changes
(B) Measures the efficiency of business
(C) Lacks qualitative analysis
(D) Is effected by personal bias

10. When bad position of the business is tried to be depicted as
good, it is known as ……………………….
(A) Personal Bias
(B) Price Level Changes
(C) Window Dressing
(D) All of the Above

11. For whom the analysis of financial statements is not
significant?
(A) Investor
(B) Government
(C) Ambassador of India
(D) Company’s Employee

12. Main limitation of analysis of financial statements is
(A) Affected by window dressing
(B) Difficulty in forecasting
(C) Do not reflect changes in price level
(D) All of the Above