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When bad position of the business is tried to be depicted as good, it is known as ………………………..
Personal Bias
Price Level Changes
Window Dressing
All of the Above
- Personal Bias: This occurs when someone's personal opinions or preferences unfairly sway their judgment. It can impact decision-making in business but isn't directly related to presenting a company’s financial health inaccurately.
- Price Level Changes: This term refers to variations in the purchasing power of money typically due to inflation or deflation. It doesn’t involve depicting a business's financial position inaccurately.
- Window Dressing: This is an accounting practice where a company tries to make its financial situation appear better than it actually is. It involves manipulating financial statements to present an overly positive image of an organization's financial health.
- All of the Above: This option would imply that all three practices are involved in making a business seem financially healthier than it is. However, only "Window Dressing" accurately describes this situation.
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