The use of cash-out combinations has raised questions concerning both their purpose and their fairness to minority shareholders. In this context, fairness includes:

Which of the following best describes horizontal analysis?

A) comparing financial statement amounts from year to year for the same company B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with other companies D) calculating key ratios to evaluate performance

A positioning strategy is concerned with how a company wants customers to perceive the company vis-à-vis competitors.

a. true b. false