Which of the following statements regarding data is generally NOT true?
a. Financial data is important for internal and external analysis of business firms.
b. Outsiders use publicly available data about firms to make investment and regulatory decisions.
c. “Gut feelings” decision-making tends to be more consistent with value maximization.
d. Suppliers need financial information to determine if they should supply trade credit, and customers need to know if a firm’s products are reliable and appropriately priced.