General standards of comparisons (rules-of-thumb) are 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

General standards of comparisons (rules-of-thumb) are typically developed from past experience within an industry or profession, often based on what has been successful in the past. This can include benchmarks such as average profit margins, pricing strategies, or employee turnover rates. While industry statistics, competitor analysis, and financial ratios may inform these rules-of-thumb, they are ultimately based on past experience and observation. Dun and Bradstreet provides business credit information and reports, but would not be a primary source for developing general standards of comparisons.

General Standards of Comparisons (Rules-Of-Thumb) Are Developed From