This risk of default is associated with general economy-wide or macro conditions affecting all borrowers.

Which of the following financial statements would be most useful if an analyst wants to know the profitability of a company?

A) income statement B) balance sheet C) statement of retained earnings D) statement of cash flows

Recency theory suggests that it is a waste of money when an advertisement reaches an individual or business that does not need a particular product or do not have an interest in the product

Indicate whether the statement is true or false