A management team tracks the effectiveness of its decisions and product/service offerings with respect to growth,profitability,and asset productivity by analyzing its financial statements.

Question

Quizplus · Accepted Answer

This statement is true. Financial statements provide important information to a management team for evaluating the success of their decisions and offerings. The management team can use financial ratios and other analysis techniques to assess growth, profitability, and asset productivity.

A Management Team Tracks the Effectiveness of Its Decisions and Product/service