Question: Class another effective tool that can be used is a vertical analysis. Class what is vertical analysis? What item is used as the base for

Class another effective tool that can be used is a vertical analysis. Class what is vertical analysis? What item is used as the base for the income statement? What item is used as the base for the balance sheet? How does a vertical analysis differ from a horizontal analysis?

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The personal characteristics of the sender

The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.